Should I Lease a Car?

September 24th, 2018 by

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Looking to trade in your old car or just want to upgrade to a new Volkswagen model, but are wondering which of the options out there is right for you? Are you trying to decide if leasing will save you money or if financing is the way to go? What are the benefits of leasing a vehicle? Alexandria Volkswagen is here to help. Explore our guide below and make the decision that’s right for you.

What Does it Mean to Lease a Vehicle?

In a nutshell, when you lease a car, you are only making payments on the depreciation of the vehicle instead of its entire price. For example, if you lease a $40,000 vehicle for 3 years and the projected resale at the end of the lease is $30,000, your payments are only based on the $10,000 difference vs. financing the entire $40,000 if you choose to buy it outright.

Many drivers in the Arlington area choose leasing as a viable option for the following reasons:

  • Maintenance visits are usually under warranty, so there is no cost to the owner
  • Typically, you are able to get more car for your money when leasing
  • Deals on leases are usually better than financing

Is Leasing Right for Me?

Choosing a Volkswagen lease is largely dependant upon your personal needs and preferences. Leasing may be a good idea for you if:

  • You’re pressed for time. The process of leasing is quicker and easier than financing
  • You don’t have a large down payment saved. When leasing, putting $1,000 or less down is common
  • You would like to keep up with the latest technology and Volkswagen features

Use our lease calculator to help determine what your monthly payments may be. When you’re ready, contact our finance department and speak with one of our experts.

Lease Your Next Vehicle at Alexandria Volkswagen

Serving areas like Annandale, Alexandria Volkswagen is ready to help you choose the next vehicle you’ll drive around Washington DC. We have plenty of new Volkswagen specials ready to go, and our friendly and knowledgeable sales team will answer any questions you have about VW roadside assistance or the Car-Net feature. We can even serve as your guide in the local community. Check out our top 3 restaurants in Old Town Alexandria today!

Posted in Financing