The Benefits Of A Car Loan vs. The Benefits Of A Car Lease
Volkswagen of Gainesville Has The Answers To Your Buying vs. Leasing Questions
Many drivers struggle to identify the differences between buying and leasing. Each option has its advantages, and one option may be better for your individual financial situation than the other. Thankfully, the financing experts at Volkswagen of Gainesville are here to help. Read on for information about car leases and auto financing. Then, stop by our Gainesville car dealership to get into your next vehicle.
Car Leases Are Usually Shorter
One of the main benefits that car leases have over car loans is the shorter duration. In general, car leases are 2-3 years shorter than car loans. Of course, these numbers can vary in certain situations. There are relatively long car lease terms available, and there are car loans available with terms as short as 36 months. Shorter terms on the finance agreement allow drivers to get behind the wheel of a new vehicle quicker. Volkswagen is always coming out with cutting-edge new models, and obtaining a lease would allow drivers to try more of these exciting vehicles. Visit us today at Volkswagen of Gainesville and explore your car lease options at our dealership serving Gainesville, Ocala, and Orange Park, FL.
Monthly Payments May Be Lower With A Car Lease
Another advantage that car leases have over car loans is lower monthly payments. Again, this is a general rule and may not apply in every situation. In general, car leases on the same vehicles will be about 25% per month less expensive. Of course, drivers will have to visit an authorized Finance Center like the one at Volkswagen of Gainesville to crunch the numbers and come up with the exact figures. Drivers who put relatively few miles on their vehicles may be able to save even more money.
Stop by our Volkswagen finance center today to learn more about your car lease options.
A Car Loan Doesn’t Have Mileage Restrictions
One important advantage that car loans have over car leases is the lack of mileage restrictions. Car leases include mileage restrictions as part of their terms. Exactly what these restrictions are varies. The most common are 6,000, 9,000 and 12,000 miles per year. Drivers who go over these limits will have to pay penalties specified in the terms of the lease. Car loans do not include mileage restrictions. Drivers who enjoy road trips or who have long commutes may find that a car loan suits their lifestyle better than a car lease.
Swing by our Volkswagen dealership in Gainesville today and get more info on our car loans.
You Keep The Vehicle At The End Of A Car Loan
With a car loan, drivers can keep their Volkswagen model for as long as they like. Volkswagen cars and SUVs are known for their longevity, and chances are a Volkswagen model will still be performing optimally long past the end of the car loan. However, it is still possible to purchase your vehicle at the end of a car lease by paying a price pre-determined at the beginning of the lease, or simply return the vehicle to Volkswagen of Gainesville and choose a new Volkswagen. Contact your Gainesville car dealership if you wish to inquire more about doing so.
Drop by the Volkswagen of Gainesville showroom today and find the car of your dreams.
Visit Volkswagen of Gainesville Today
Drivers in Ocala, Orange Park, and elsewhere in the Gainesville region can experience the Volkswagen of Gainesville Advantage today. Every new Volkswagen model we sell is already elevated by the Volkswagen People First Warranty. This limited warranty covers the first 6 years or 72,000 miles that you own your vehicle. On top of this, the Volkswagen of Gainesville Advantage includes:
- Lifetime complimentary car washes
- 3-year key replacement
- Free first oil change and tire rotation
- Exchange new or pre-owned vehicle within 3 days
- 10-year/100,000-mile warranty on pre-owned vehicles
Come in and experience the difference today.
* 6 years/72,000 miles (whichever occurs first) New Vehicle Limited Warranty on MY2018 and newer VW vehicles, excluding e-Golf. Claim based on manufacturers’ published data on length and transferability of car and SUV Bumper-to-bumper/Basic warranty only. Not based on other separate warranties. See owner’s literature or dealer for warranty exclusions and limitations.