Lease vs Finance

Lease or finance: The choice is yours.

To help you make the best decision for your lifestyle, we compared the benefits of leasing and financing at a glance. Which road will you take?

Leasing Benefits

• May provide lower monthly payments than financing, over a similar term, while driving the latest models
• Flexible lease terms and a range of mileage options available
• Ability to turn-in your vehicle for a newer VW model, or buy your vehicle at a predetermined price at lease maturity
• A range of mileage options that suit your lifestyle

Financing Benefits

• Ability to own for life of the vehicle and build equity
• No end-of-lease obligations, such as excess wear and tear
• No vehicle customization limits or mileage restrictions
• Competitive rates and flexible terms from Volkswagen Credit

LEASING

Freedom means flexible options.

If you like to change things up every few years, or if you're looking to lower your monthly payment, leasing with Volkswagen Credit may be the option for you. Drive a new Volkswagen for a set amount of time and number of miles, and return it to your Volkswagen Dealer at the end of your term. With a variety of lease options, you can choose the term and mileage that best fits your lifestyle and payment needs.

OWNERSHIP: When you lease a vehicle, you do not own it. You pay to use it during the term of your lease, allowing you to drive the latest models.

PAYMENTS: Since you pay for the vehicle's depreciation, plus applicable taxes and fees instead of the purchase price, you can drive a premium vehicle for less than you might with financing over a similar term.

MILEAGE: We offer a variety of mileage options for you to choose from to meet your driving needs. Whatever you choose as your base mileage option, you’ll retain the opportunity to purchase more miles later on.

WEAR AND USE: A normal amount of wear and use is covered in your lease. But, dents, gouges, or chipped glass can happen to even the most conscientious driver. We offer an optional Lease Excess Wear Protection Plan so you can avoid potential additional charges at the end of your lease for incurring excess wear.

LEASE-END OPTIONS: At the end of the lease, you have the flexibility to return your leased vehicle to your Dealer, purchase it for a predetermined price, or buy or lease a new Volkswagen vehicle.

FINANCING

Enjoy the pride of ownership.

If you can’t wait to make this Volkswagen your own—customize it however you wish and drive it to the ends of the earth—then financing with Volkswagen Credit is the way to go. Financing your vehicle allows you to make payments for a selected term, and at the end of that term, the car is yours. That means total ownership and maybe even equity.

OWNERSHIP: You own the vehicle outright after your financial obligations are met, and you can sell your vehicle or trade it in at any time.

PAYMENTS: Payments are based on the terms of your financing contract. You will have a set number of payments, each of which may help you build equity in your vehicle. Because you’re paying for the vehicle’s full price over the term of your contract, your monthly payment will typically be higher than if you were leasing the same vehicle over a similar term. You can opt to pay your balance off faster by paying more against the principal.

CUSTOMIZATION: Since you are making payments toward the ownership of your vehicle, you can customize it at any time.

MILEAGE: You may drive as many miles as you want. However, if you decide to sell or trade in your vehicle, the mileage may impact its value.

WEAR AND USE: Since the vehicle will be yours once you pay off your contract, there are no charges for excessive vehicle wear and use. If you decide to sell or trade in your vehicle, the excessive wear and use may impact its value.

© 2016 Chumney & Associates