Buying vs. Leasing a Vehicle in Ann Arbor

Are you unsure if you should buy or lease a vehicle? At Volkswagen of Ann Arbor, we understand that deciding between buying and leasing a car is not the easiest decision. There are many factors to consider, and what works for one individual, may not work for another. So, we’re going to show you both the benefits of buying and leasing a vehicle so you can compare and figure out which is best for your situation.

Benefits of Buying a Car

Flexibility

When purchasing a vehicle, you can customize your vehicle with accessories and aftermarket parts, and drive as many miles as you like without having to worry about any mile overage fees.

Ownership Equity

Once you finish paying off your vehicle, you will own it and have equity that can be leveraged if you purchase another vehicle.

Low Interest Rates

When financing a car, your interest rates can be as low as 0% APR with qualifying credit on a new Volkswagen vehicle.

Longer Payment Schedule

In addition to the low interest rates, we also have loans that extend for up to 84 months. So, regardless of your budget, you will be able to get a vehicle that you like for an affordable price.

Benefits of Leasing a Car

Shorter Commitment

Although it’s possible for you to finance a vehicle with the same length term as a lease, it’s usually more expensive for an identical vehicle. Leasing allows you to have a shorter term while keeping your monthly payments affordable.

Lower Monthly Payments

Your monthly payments may be significantly lower since you are driving a vehicle for a specific time period and have a fixed mileage amount.

Flexibility

Since leases are not long when compared to financing, you won’t be locked in an extended payment schedule. This gives you the ability to drive a new vehicle every few years.

No Effect on Trade-In

At the end of your lease, you won’t have to worry about your car’s value or how it will affect the purchase of a new one.

Buy or Lease Your Vehicle from Volkswagen of Ann Arbor

Regardless if you purchase or lease your vehicle from Volkswagen of Ann Arbor, we are here to make sure you fully understand all terms and guidelines before any paperwork is started. We want to make sure you're happy and satisfied with your new car no matter which option you choose.