New Car Leasing vs Buying
Why Should You Lease a New Car?
If you want to drive newer, safer, more reliable vehicles, but prefer not to pay a large down payment every few years, and also do not travel an excessive amount yearly, then a new car lease might be best for you. Leasing is best for those who prefer to bypass the hassle of buying and selling each time they want to drive a new car or SUV.
Why Should You Buy a New Car?
Conversely, if you like long term automotive relationships with a greater sense of commitment and ownership, then buying may be what’s better for you. Car-buying is typically best for those who will not mind driving the same vehicle for over five years or even until it is no longer fit for the freeway.
Leasing vs Buying: Which One Is Right for You?
Being aware of the pros, cons, and overall benefits of buying vs leasing a car or SUV is imperative. Be sure to consider repair costs, vehicle ownership, monthly payments, and potential savings when calculating the best new car or SUV financing type for you.
Leasing vs Buying: Ownership
When considering vehicle financing, new car ownership certainly comes with many well-known advantages, most associated with entire ownership of the vehicle. You may not be aware, however, there are also some great advantages to leasing, as well. It’s imperative to consider all financial aspects including depreciation, down payment, monthly payments, term length, buyout payments, interest rate, and maintenance & repair costs, before making a decision. A careful study of your current financial situation, future needs, and your preference for commitment will likely ensure that you make the optimal choice between leasing and buying a new car or SUV.
Monthly Payments
Car or SUV lease payments are often less expensive in comparison to auto loan and car financing payments as the standard lease structure is more-or-less renting with the option to purchase near the final payment of your lease term. Just consider when leasing that you will need a higher credit score, and will be required to carry comprehensive and collision insurance, although the same can be said for the lowest rate auto loans. Although it can likely increase monthly payments, it is also best to select a model with the features you want or need, as personal satisfaction is often priceless.
Maintenance & Repair
Auto leasing often includes regular vehicle maintenance & repair. It is important to remember this when calculating monthly costs of ownership vs leasing. No matter which make and model you buy, mechanic bills are an unknown cost that can quickly add up. And for those of us who aren’t certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing can be the best option for peace of mind.
Investment vs Savings
Generally speaking, a new car or SUV lease saves money in the short term with more affordable monthly payments, while buying gets you a long term investment, meaning full ownership of the value of the car at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximizing investment on a purchased/financed vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.
| Lease | Buy | |
| Maintenance & Repair Costs | Typically Included | Not Included |
| Down Payment | Smaller Down Payment | Larger Down Payment |
| Monthly Payment | Smaller Monthly Payments | Larger Monthly Payments |
| Ownership | No Ownership | Pride of Ownership |
| APR % | Credit-Based | Credit-Based |
| Finance Term | Approx. 2-4 Years | Approx. 3-6 Years |
| Savings/Investment | Short Term Savings | Long Term Investment |
| Vehicle Customization | Not Available | Available |
| Pre-Owned Vehicles | Not Available | Available |
| Poor Credit Financing | Not Available | Available |
| New Vehicles | Available | Available |
Volkswagen Lease and Finance Offers In Beaumont TX
Volkswagen of Beaumont knows that choosing the right Volkswagen car and financing option is never easy. Our team of experienced Volkswagen lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Beaumont, TX. We look forward to serving you.
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Sep 19, 2020
They were Awesome!!! Very Fast service!My Volkswagen will most definitely be going here for any type of service in the future.
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Disclaimer:
* While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Please verify any information in question with Volkswagen of Beaumont.
All advertised vehicles are subject to actual dealer availability. Certain vehicles listed may not be available, or may have different prices. Prices exclude state tax, license, document preparation fee, smog fee, and finance charges, if applicable. Vehicle option and pricing are subject to change. Prices include all dealer offers and dealer incentives. Pricing and availability varies by dealership. Please check with your dealer for more information. Prices do not include dealer charges, such as advertising, that can vary by manufacturer or region, or costs for selling, preparing, displaying or financing the vehicle. Images displayed may not be representative of the actual trim level of a vehicle. Colors shown are the most accurate representations available. However, due to the limitations of web and monitor color display, we cannot guarantee that the colors depicted will exactly match the color of the car. Information provided is believed accurate but all specifications, pricing, and availability must be confirmed in writing (directly) with the dealer to be binding. Neither the Dealer nor Dealer Inspire is responsible for any inaccuracies contained herein and by using this application you the customer acknowledge the foregoing and accept such terms. Price does not include dealer added options.
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Contact
(409) 840-3536
Call Now1515 Interstate 10 South • Beaumont, TX 77701
Get DirectionsToday's Hours:
Open Today! Sales: 9am-7pm
Open Today! Service: 7am-6pm
Open Today! Parts: 7:30am-6pm
