Imagine this: you’re shopping for your next Volkswagen in Grand Blanc. You’ve picked out the model you want, decided on your favorite trim level, even have the exact color in mind. Now there’s just one thing left to do: decide whether you’ll be leasingorbuying.
We know that the leasing vs. buying comparison isn’t exactly as fun as poring over the Tiguan trim charts or Atlas color options, but it might be the most important decision you make during the buying process. Among other things, your choice will help determine the scope of your ownership experience and size of your monthly payment.
Luckily, there’s no wrong answer as to whether you should buy or lease a new VW. To decide what’s right for you, compare both purchase options below, then visit our Volkswagen dealership in Grand Blanc for a personalized consultation. We’ll help you make the right choice for your needs.
What’s the Difference Between Buying vs. Leasing a Car?
Buying a New VW
Buying is straightforward: you pay for your new VW -- typically by arranging a Volkswagen financing plan to spread the acquisition cost over time -- with the intention to own it. Your monthly payments reduce the balance owed until you’ve paid off your car completely. At that point, you own the car free and clear.
Just like with any asset you own, buying your car means you’ll have no usage restrictions whatsoever. If you want to install VW accessories or plan to enjoy more than two or three years with your new ride, consider buying.
Leasing a New VW
If you lease an Atlas or Jetta in Grand Blanc, the payments you make toward your new VW ultimately don’t result in you owning the vehicle. Rather, they buy you the right to use the car for the duration of the lease term, a fixed period of time that’s stated in your VW lease agreement.
Think of leasing a car like renting a house or apartment: you pay a monthly rent expense in return for the right to drive a car you love. At the end of the lease term, you’re free to move into a new ride, no strings attached. Lower monthly payments and more frequent vehicle upgrades help make leasing a popular option.
Buying vs. Leasing: Determining What’s Right for You
Deciding which option is right for you comes down to your lifestyle, budget and ownership goals. The chart below will help you understand if your perspective on cars and car ownership better aligns with the benefits of leasing or benefits of buying:
Finance or Lease a VW in Michigan
Ready to work with our team to see whether you should lease or buy? Contact Volkswagen of Grand Blanc. Our VW finance specialists are experts when it comes to lease and loan options, so stop in now and discover that the perfect car is waiting for you -- all for a monthly payment you’ll love.