A Volkswagen lease can be a bit confusing. It is a good option for when you’re looking for a vehicle, but so many drivers don’t know all of the ins and outs. Here, we will go over all of the facts so that you will know everything you need in order to craft the best lease deal possible.
Question: What is a Volkswagen Lease?
A Volkswagen lease is essentially when you agree to pay to rent a Volkswagen vehicle for a pre-determined period of time.
Question: What Are My Responsibilities When I Lease a Volkswagen Vehicle?
You do not own a leased vehicle, but that doesn’t mean you aren’t responsible for it. Luckily, leased vehicles are under warranty so you have less service payments you have to worry about paying. However, if you get into an accident or if you cause damage to it yourself, you may be responsible for the damage.
Question: Why Lease Rather Than Buy?
A lease is much less expensive than purchasing a vehicle. You will pay less every month than if you were making payments on a car you own. Also, when you lease a vehicle, you are paying based on the expected value of the vehicle when you return it. If it is worth more when you return it, you get that money back. If it is worth less, the dealership takes that hit, not you.
Question: What Happens at the End of a Lease?
At the end of your lease, you have several options. You may have the option to buy the vehicle you were leasing, continue the lease, lease another car, buy another car, or just wipe your hands clean and walk away completely. Here at Heritage Volkswagen Catonsville, we will help you make sure you know all of your options so you leave with the best deal possible.
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