Volkswagen

Volkswagen of Ocala

5135 SW College Road
Directions Ocala, FL 34474

  • Sales: (352)571-1030

Buy vs Lease Information | Ocala FL | Near The Villages & Orlando

Buying vs. Leasing Which is right for you?

Buying vs Leasing: Which is right for you?

If you're looking to upgrade your vehicle to something new, you've likely wondered whether buying or leasing would be the best option for you. Here at Volkswagen of Ocala, we want our customers to stay informed as they look for new vehicles, so keep reading to learn more about the various benefits of buying or leasing.

Why Lease a Vehicle?

Benefits of Leasing

Freedom of Choice

Two of the most prominent benefits of leasing a vehicle are freedom and flexibility. When leasing, customers can put off the purchasing decision and drive a new vehicle every few of years if they choose, without the trouble of having to sell or trade their vehicle.

Flexibility

Leasing terms usually last between 24 to 60 months. This means you can make more affordable payments with shorter terms. Plus, you get to select your mileage. Lessees are typically given 12,000 or 15,000 miles per year, but if you need a higher limit, you have the option to buy more miles when you sign.

Lower Payments

Since you're only paying for the right to drive a vehicle for a select period of time, your financial obligation and monthly payments may be reduced greatly. Additionally, if you need to make a small down payment, then leasing may be better for you, as there are many leasing options that require $0 down.

Hazard-Free Driving

Because most leases last for a short amount of time, their vehicle normally has warranty protection for as long as you drive it.

True Convenience

When your lease expires, you just turn in your vehicle and pay off any remaining fees (such as for extra mileage or wear and tear) and taxes. However, if you've decided you'd rather not part with the vehicle, you can also take the opportunity to purchase it at a preset price. In either case, there's no need for you to sell it or trade it in unless it benefits you.

Why Buy a Vehicle?

Benefits of Buying

Ownership

Ownership is the primary benefit of buying your next vehicle rather than leasing it. If you are planning to keep your vehicle for a long time or for as long as possible, then buying is the better option for you. Plus, buying instead of leasing provides you with the freedom to customize your vehicle to match your preferences.

No Mileage Restrictions

When financing your vehicle, you are accountable for the miles you travel and don't have any mileage regulation like you would with leasing. Leasing requires that you figure out in advance how many miles you’ll drive each year. Ownership allows you to drive as much as you like without collecting fees.

Payment Flexibility

When purchasing a vehicle, you can buy it with cash or finance. If you buy with cash, you become the owner of the vehicle and don't have to worry about monthly payments. If you decide to purchase it by using a finance program, you pay off the loan over a prolonged period of time. For the best outcome when financing, we highly recommend that you find the most affordable, reliable and competitive rates out there, like what we offer here at Volkswagen of Ocala.

True Freedom

At the completion of your payment schedule, often in four to six years, you own your vehicle. You can continue driving for as long as you want without any further payments, or choose to sell or trade whenever you like.

If you’d like to learn more about buying versus leasing, would like to check out our wonderful selection of new models and quality used vehicles or are interested in learning more about your lease-end options, feel free to contact us directly or visit us at 5135 SW College Rd., Ocala, FL 34474 for a test-drive today. We look forward to serving our customers near The Villages and Orlando.

Schedule Service