Buy vs Lease
Have you often wondered about whether purchasing or leasing a new vehicle is the right choice for you? We get it. It’s a huge decision. Both options have their different advantages, and we want to help you make the right decision for your needs as a driver. We’ve gathered plenty of information to answer the questions you may have. If you happen to have more questions, feel free to contact us! Here at Volkswagen of Ocala, we love to help our customers.
Why Lease
a Vehicle?
Minimal Upfront Cost
With a lease, you’re essentially renting a vehicle. You agree to make monthly payments for the right to drive a particular car, truck or SUV, and you’ll return the vehicle to the dealership at the end of your agreed lease period. Generally, this means your financial responsibility and monthly payments may be reduced. We often run new car specials with lease deals requiring zero money down to start your contract. What does that mean for you? Little to no upfront costs.
Lifestyle Flexibility
Usually, lease terms range anywhere from 24 to 60 months, allowing you to have affordable, low payments with shorter terms. You are typically given between 12,000 and 15,000 miles per year, but if you need more, you can purchase miles at signing. With a lease, you have the ability to drive a new vehicle every few years without having to deal with the hassle of trading or selling. You can also still purchase the vehicle at lease-end if you’ve fallen in love with it!
Warranty Protection
Because lease terms and periods are generally so short, between two and three years, your new Volkswagen could still be covered under warranty for the duration that you drive it. You can also purchase our Lease Excess Wear & Tear plan for extra coverage, meaning you wouldn’t be responsible for minor dents or scratches.
Why Purchase
a Vehicle?
True Freedom
One of the biggest benefits to purchasing a vehicle is ownership. After you’ve paid off your vehicle’s loan (if you didn’t purchase it outright from the beginning), it’s yours to do whatever with. You can sell, trade or keep it for as long as you like. Plus, you have the option of customizing your vehicle to match your needs and lifestyle as a driver. Ownership is a win-win investment that a lease can’t offer.
Financial Flexibility
Despite the fact that most finance terms require a down payment, purchasing a vehicle can be more financially responsible in the long run. First, you have more financing options than you would have with a lease. Two, you can choose to purchase the vehicle outright with cash or finance through us here at Volkswagen of Ocala or another lender. When you’ve completed your loan and finished paying it off, that money is secured when you keep your vehicle. When you choose to lease, that money is lost when you return the vehicle to the dealer.
No Mileage Restrictions
Once you’ve paid off the loan for your vehicle, you have total freedom. There are no mileage restrictions or fees if you go over, and there’s no need for permission to leave the country with your vehicle like you’d need with a lease. Ownership equals total independence from lenders, restrictions and payments.
If you’re interested in learning more about buying versus leasing, would like to check out our great selection of new models and quality pre-owned vehicles or are interested in learning more about your lease-end options, feel free to contact us directly or visit us at at 5135 SW College Rd., Ocala, FL 34474. At Volkswagen of Ocala, you’ll find that we’ve got it. We look forward to serving customers from Ocala, FL, near The Villages and Orlando.