Learn the Difference Between Financing vs. Leasing a Volkswagen in Sarasota

Volkswagen offers buyers around Bradenton and Lakewood Ranch opportunities to choose from several new models, and each model may appeal to a different consumer. Not everyone has the same driving intentions, so choosing from a variety of models proves helpful. Buyers do want to drive a vehicle made by a manufacturer with an excellent reputation, and Volkswagen certainly developed a top industry name over the decades.

The Passat, Golf, and Jetta could more than meet the standards of a Port Charlotte driver looking for a sedan. The Tiguan and Atlas appeal to those interested in an SUV. Of course, several other VW models meet the requirements other buyers may seek.

Sunset Volkswagen of Sarasota has several VW models available for those shoppers looking for a new vehicle. Are "buyers" the only "shoppers" our dealership caters to? No, you need not own a Volkswagen to drive one. Leasing remains an option, and we do offer lease deals and specials as well.

Leasing vs. Financing: What to Choose

We want to point out that the better choice between leasing or financing depends on the customer's needs, wants, and preferences. To make the right decision, VW shoppers should look at the differences between them and then think about what option to choose.

For those not sure about the differences, financing refers to taking out a loan to buy and own the Volkswagen. Leasing refers to paying for depreciation and returning the vehicle at the end of a term. Some similarities exist between the two options.

Whether financing or leasing a vehicle, shoppers make a down payment. Usually, the down payments on a loan are larger than exists with a lease, although "no down payment deals" may be possible. The customer could also offer an older car as a trade-in when financing or leasing. And each month, the customer pays a set amount of money towards the loan or the lease.

Now, let's look at some differences when financing or leasing near North Port, FL.

Financing a New Volkswagen

When you finance the vehicle, the vehicle becomes yours once the loan balance gets paid off. When you own the vehicle, you could drive it for as long as you like and then sell or trade the vehicle in at a preferred time. The loan term could run five years, and afterward, the driver may keep driving the vehicle for two more years, putting as many miles on the odometer as preferred.

Leasing a New Volkswagen

With a lease, the monthly payments are lower, and the terms are usually two to three years. When the period ends, there are no questions or concerns about selling the vehicle. The driver must return the model to the dealership. Upon doing so, the driver could then lease another car to replace the one returned. Leasing may be preferable for someone who prefers to drive a new car with all the latest features.

Be aware that the driver may be responsible for paying for any damage to the vehicle, even minor damage when returning it. Also, the term comes with a set maximum number of miles per year. If the figure is 12,000 per year for two years, and the driver returns the vehicle with 30,000 miles, then he/she may need to pay a per-mile fee for those extra 5,000 miles.

Explore Our Volkswagen Inventory

Please visit our Sarasota VW dealership to look at the many Volkswagen models for sale or lease. Inquire about specials or ask any other questions you may have. The sales team wants to assist customers interested in our VW offerings.

What about going on the road with an available VW? The team could also help with any questions related to test drives, as well.