Should You Buy or Lease Your Next Vehicle?

By Product Expert | Posted in Tips and Tricks on Tuesday, August 13th, 2019 at 6:09 pm
family shaking hands with dealer

Time for a new vehicle but not sure if you should buy or lease it? You have come to the right place. There are benefits and downsides to each option, so in the end, it really comes down to your opinion and what you want to do. Keep reading below to learn about these pros and cons of each option!

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Buying vs Leasing

couple in carFor most people who are considering leasing a vehicle instead of buying it, they are at certain stages in their life that it would make more sense to lease. If you decide to lease your vehicles, then you will have a lower monthly payment, but will essentially never get away from making car payments. One of the upsides about leasing is that you can always get the newest vehicles for an affordable price.

Most lease contracts are for 36 months with a mile limit of 36,000 miles. For many drivers, this limit is completely fine, but for others who travel, it may be an issue. It is also important to keep the vehicle in great shape if you are leasing it, so it is not always a good option for parents with young children.

When buying a new vehicle, you will be stuck with the higher monthly payments, will also have the ability to pay the vehicle off and stop the monthly payments. Buying the vehicle also gives drivers the freedom to drive as much as they want without having to worry about going over their mileage limit. When you own the vehicle, you are also able to make customizations, unlike if you were to lease.

We hope that you found this information helpful. If you are in the market for a new Volkswagen vehicle, be sure to stop by Findlay Volkswagen! Come by today or contact us with any questions and a member of our team will be happy to help!

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