Many people in Plainfield have asked the same question: Is it better to consider a Volkswagen lease than to buy it outright? While the answer isn’t a one-size-fits-all and you will need to determine if it’s right for you, there can be perks to leasing rather than owning a vehicle outright. Understanding more about leasing and its benefits can help you make the right decision for your family and budget.
Specific Amount Of Time
When you lease a vehicle in Plainfield, you are committing yourself to drive it for a particular amount of time. In most cases, it is between three and five years, though you can find other leasing terms, as well. This means that when the agreement is up, you give it back to the dealership or choose to buy it outright.
Lower Monthly/Down Payments
Because you’re not buying the car outright, you aren’t going to pay as much to drive it. You will only pay for what you use, in a sense, which means that you can have lower monthly payments. Plus, you may have no down payment at all or may be required to put less down when leasing that if buying. Likewise, you will only pay for the months it is in your possession, so at the end of the agreed upon terms, you stop making payments on that particular vehicle.
Options At The End Of The Agreement
Again, when the terms are over, you can trade it in for another vehicle and new leasing terms, return it and choose to buy something/somewhere else, or purchase it at the residual cost, giving you more chances to save money.
A Volkswagen lease in Plainfield gives you the advantage of always owning a newer vehicle. Visit Hawk Volkswagen to learn more about your leasing options today.