Lease vs Buy FAQ
Why Lease a VW?
- Freedom of Choice
- Flexibility
- Lower Payments
- Hazard-Free Driving
- True Convenience
Why Finance a VW?
- Ownership
- No Mileage Restrictions
- Hazard-Free Driving
- True Freedom
LEASE
Freedom means flexible options:
If you like to change things up every few years, or if you're looking to lower your monthly payment, leasing with Volkswagen Credit may be the option for you. Drive a new Volkswagen for a set amount of time and number of miles, and return it to your Volkswagen Dealer at the end of your term. With a variety of lease options, you can choose the term and mileage that best fits your lifestyle and payment needs.
Ownership:
When you lease a vehicle, you do not own it. You pay to use it during the term of your lease, allowing you to drive the latest models.
Payments:
Since you pay for the vehicle's depreciation, plus applicable taxes and fees instead of the purchase price, you can drive a premium vehicle for less than you might with financing over a similar term.
Mileage:
We offer a variety of mileage options for you to choose from to meet your driving needs. Whatever you choose as your base mileage option, you'll retain the opportunity to purchase more miles later on.
Lease-End Options:
At the end of the lease, you have the flexibility to return your leased vehicle to your Dealer, purchase it for a predetermined price, or buy or lease a new Volkswagen vehicle.
FINANCE
Enjoy the pride of ownership:
If you can't wait to make this Volkswagen your own-customize it however you wish and drive it to the ends of the earth-then financing with Volkswagen Credit is the way to go. Financing your vehicle allows you to make payments for a selected term, and at the end of that term, the car is yours. That means total ownership and maybe even equity.
Ownership:
You own the vehicle outright after your financial obligations are met, and you can sell your vehicle or trade it in at any time.
Payments:
A finance contract sets a number of payments over a term. These monthly payments will typically be higher than if you were leasing the same vehicle over a similar term. To pay your balance off faster, pay more against the principal.
Mileage:
You may drive as many miles as you want. However, if you decide to sell or trade in your vehicle, the mileage may impact its value.
Customization:
Since you are making payments toward the ownership of your vehicle, you can customize it at any time.
Wear and Use:
Since the vehicle will be yours once you pay off your contract, there are no charges for excessive vehicle wear and use. If you decide to sell or trade in your vehicle, the excessive wear and use may impact its value.
Coastal VW is a great place to buy a car. The employees all treated me with respect and helped me go through the process of buying a car.
Justin S. - Google ReviewMost exceptional from the beginning contact with the salesman and his help with my purchase and also the help from the finance department. Very happy with the entire process and MOST IMPORTANTLY, my Beetle!!
Kathleen A. - Google Review
Better Prices. Better Service. Surprisingly Simple.
That's The Coastal Guarantee
Still not sure if you should lease or finance your next Volkswagen?
Our team of Volkswagen experts at our Hanover, MA dealership are here to help you go over all of your lease and finance options. They can inform you of all available Volkswagen incentives for both leasing and purchasing, and go over all terms and details to help you make a well-informed and educated decision. A car purchase or lease is an important decision, and it is important to us that Massachusetts drivers feel confident when they drive off in their new VW. Browse our inventory online and narrow down the Volkswagen model that you want and then come in for a test drive and to explore all options.