Deciding whether to finance or lease a new vehicle is a big decision. Both have their pros and cons so below we will go over some facts about both choices to help you with your decision! Whether you are ready to purchase or lease a brand new Volkswagen vehicle, Thelen VW in Bay City, Michigan, can assist you! Stop by our Mid-Michigan dealership or give us a call at 989-402-5847 to start the process.
Should I Purchase a New Vehicle?
Car buying or financing is a popular way to get behind the wheel of a vehicle – and for good reason! This means that at the end of the financing terms, the car is yours. That means this vehicle is yours to customize, you can put as much wear and tear on the vehicle as you want, and you’re free to drive as many miles as you want! When you purchase a vehicle you can also decide when you want to sell it. But there are some cons too – like this process being more expensive in the short term, you have to pay interest on a loan, and the manufacturer warranty will usually end before the vehicle is paid off. Plus, you never know what the value of your car will be in the future.
Should I Lease a New Vehicle?
Are you looking for a more cost-effective way of driving the newest and latest car? Leasing may be the best option for you! Leasing usually requires a lower down payment and reduced monthly payment. Your car is usually always covered by a warranty, trading in a leased vehicle is easy, and you can experience the latest technology in a new car every few years. But, there are some drawbacks to a lease too. Firstly, you don’t get to own the vehicle and if you try to end a lease early, you will be hit by extra fees. A lease gives you a mileage allowance and there are restrictions on customizing the vehicle.
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