Buying and leasing are the two options that you have when it comes to getting behind the wheel of one of our new or used vehicles in Plainfield, CT. Our experts have had many people ask them which is better, but it really comes down to the needs of your life as each has its own advantages and disadvantages.
Is Buying or Leasing the Best Option for You?
Buying Vs. Leasing: Which is Right for You?
Here at Central Volkswagen of Plainfield, it is our mission to be the automotive home of drivers in the Plainfield, CT area. We provide a vast selection of new and used vehicles, exceptional car care and customer service with a smile!
What to Know About Leasing
Leasing comes with many questions from most drivers, but it is more straightforward than you would imagine. You have a specific lease period with monthly payments, and at the end, you bring the vehicle back to us. A lot of advantages come from its simplicity, including:Â
- Lower monthly payments than buying
- Allows you to upgrade after the leasing period for the newest and most advanced vehicles
- Staying covered under the manufacturer warranty through your leasing period
This does come with disadvantages though, including fees for going over mileage limits and for wear-and-tear, that you will need to pay attention to. Luckily, our finance experts near Groton, CT will go over all these limits so that you know everything before you get into the driver's seat.
The Advantages and Disadvantages of Buying
Buying is the most common option, but there is a lot to consider if this is the route you want to take. The advantages to expect from buying a car, truck, or SUV near Mansfield, CT include:
- Owning the vehicle after the payments are made
- Being able to sell the vehicle once you want to buy another
- No mileage limits and no fees from making changes to the vehicle
- Equity in your vehicle once your auto loan has been paid in full that you can use toward a new car
- The ability to personalize or customize your vehicle
We will do everything we can to keep your payments within your budget, but paying the full value of the vehicle will generally keep the monthly payments higher than leasing would.
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