Should I Buy or Lease?

Are you shopping for a brand new car? If so, you may have questions about financing. If you have been comparing leasing vs. buying, you have likely seen that there are benefits to buying and leasing. You need to consider your driving needs and budget before making a decision. If you are deciding whether to lease or buy, the experts at Alexandria Volkswagen would be glad to assist you.

Should I Buy or Lease: Benefits of Buying

• No Mileage Restrictions: If you plan to do a lot of driving through Arlington and beyond, you will likely want to purchase your next car so you don’t have to worry about mileage limits.
• Total Ownership: Buying a vehicle means it’s yours completely.
• Customization: If you are interested in making your vehicle truly your own, it is best to buy your car. When you do, you are free to make any modifications that you want.
• Ability to Sell: If you would like the freedom to sell your car at any time, buying is best for you.
• Less Cost Over Time: Though buying a new car is more expensive in the initial period, it is more affordable as time goes on.

Should I Buy or Lease: Benefits of Leasing

• Lower Payments: Your monthly payment and down payment is more affordable when you lease.
• Less Sales Tax: In most states, leasing a vehicle drastically lowers sales tax. In some areas, you only have to pay tax on the amount paid in the down payment and for the monthly payments.
• Trade-Ins: It is easy to turn in your vehicle once the lease terms are complete. All you have to do is bring it back to the dealership and choose a new model.
• Great Coverage: Out of pocket expenses are not an issue for covered components as long as you stay within your mileage limits.
• Options: If you like the idea of always having a vehicle with the latest features, you can drive a new car more often if you decide to lease.
• High Approval Rate: While you may be denied for a car loan, it is more likely that your application for a lease will be approved.

Learn More About Financing with Alexandria Volkswagen

Lease vs. finance. The choice is up to you! One method may be better suited to some drivers in Washington D.C. and Springfield. If you would like to make the financing process go even more smoothly, you can prequalify for credit! You can also contact us with any questions.