Buying or leasing a car is the first thing every car shopper has to decide. Depending on factors such as budget goals, income, credit scores, driving habits, and individual preferences, there are many pros and cons to consider when it comes to leasing or buying. Don't worry- the finance team at Volkswagen Princeton in Princeton, New Jersey, can help you make that decision! Ask yourself these questions: What do you want your monthly payments to be? What's your annual driving mileage like? And do you get attached to your cars? Your answers to these questions will help give you an idea of your priorities and which financing option is best for you. Read below for an in-depth look into your options for leasing vs. buying in Princeton, NJ, then get in touch with our Volkswagen dealership with questions!
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Benefits of Leasing vs. Buying from our Princeton, NJ Dealership
| Benefits | Leasing | Buying |
| Ownership | x | |
| Lower Down Payment | x | |
| Lower Monthly Payment | x | |
| No Mileage Limit | x | |
| Vehicle Customization | x | |
| Easier Trade In | x |
Deciding to Lease or Buy
Princeton, NJ | Trenton, NJ | Montgomery, NJ
Buying
Buying a vehicle is a straightforward transaction where you commit to paying off a loan with the goal of eventual complete vehicle ownership. If you finance your vehicle purchase with an auto loan, your monthly payments will be determined by the vehicle price, interest rate on the loan, and length of the loan. There may also be various other finance charges, such as registration and insurance costs. When you make the last payment on the loan, however, you'll have complete ownership of your vehicle and the freedom to sell it or trade it in, add car accessories, or upgrade auto parts. To discover more of the benefits of buying your vehicle at Volkswagen Princeton, visit our Princeton, NJ dealership today!
Leasing
When you opt for a Volkswagen lease, you are choosing a more flexible payment plan. Your down payment and monthly payments will typically be lower than an auto loan. In a lease, there are often terms to follow, such as following a mileage limit, keeping the vehicle in good condition, and leasing for a fixed amount of months, so it is essential to read the lease agreement carefully. As with buying, there may be various other charges and costs associated with leasing a car. However, you can upgrade to the latest model every few years and, with your savings, can decide to take home a more expensive trim. Contact our Volkswagen Princeton team to learn more about an auto lease in Princeton, NJ, today!
Choose the Right Payment Plan for You
Now that you know some of the basics between buying and leasing, we recommend looking at your budget, calculating your monthly payments, and determining which option best fits your life. Don't have a vehicle in mind yet? Take a look through our new Volkswagen inventory for a stellar selection of stylish and affordable new Volkswagen cars and SUVs. Once you find a match, let our finance team at Volkswagen Princeton know whether you're opting for an auto loan or a car lease. We will gladly help you apply for financing or negotiate lease agreements. Have questions? Give us a call or stop by our Princeton, NJ, Volkswagen dealership!
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