Buy vs Lease near Santa Barbara, CA

We know you’re excited about shopping for a vehicle at Community Volkswagen of Santa Maria. Since you’ll be investing in one of our vehicles, we’d like to inform you about the different routes you can take to acquire them. Continue reading this guide from our sales team to learn more about buying and leasing. 
Buying
If you’re eager to drive a Volkswagen Jetta or Taos around the Santa Barbara area during the lifespan of the model, we encourage you to purchase it. While a lump sum payout is an option, financing is a more cost-effective way to approach vehicle ownership. Through this contract, you'll be able to split the total balance of what you owe into several installments over multiple years. This method is available for new, used, and certified pre-owned models at our location. How much you may pay per month depends on the amount of dollars you’ve provided up front prior to financing. The more you give toward the retail price, the less expensive the installments will be.
Leasing
Shoppers who envision themselves cruising on State Road 192 in a new Volkswagen Atlas or Tiguan every few years should go for a lease. This exciting program allows you to borrow a factory-fresh model for a short period, which is usually between two and four years. Ultimately, the length of your agreement depends on the contract. Plus, there are mileage stipulations, which are specific limitations on how far you can travel in miles. For example, some programs can be as low as 10,000 miles per year. Mid-grade arrangements are usually between 12,000 and 15,000 miles, while higher tiers can go up to 20,000. Prior to signing up for a leasing program, our Finance Department can help you negotiate the terms. Additionally, we’ll assist you in setting up a routine maintenance schedule, which is one of the requirements of a lease to maintain the warranties.
Which Is Better?
You’re probably wondering whether buying or leasing is better. Financing allows you to permanently own the vehicle, and leasing lets you borrow it. The former has more expensive payments, and the latter produces lower installments because they’re based on the depreciated value rather than the retail price. The conditions all depend on your situation. If it’s in your best interest to keep a model for the long term, then purchasing a Volkswagen car or SUV may be more suitable than financing. Drivers who like a shorter commitment should pursue a lease. Either way, you’ll be able to sport a model that will turn heads when you arrive at places like Arroyo Burro Beach County Park. To see how you qualify for buying and leasing contracts, fill out a Finance Application online.