Should I Lease or Finance A Volkswagen? What’s The Best Option?

Want to know whether you should lease or finance a new Volkswagen vehicle? Check out our quick guide for the pros of financing, leasing and our VW Select option. For more information, Cowell Volkswagen and talk to one of our experienced Brand Specialists.

Financing A Volkswagen

Cost

You can borrow the full purchase price of the vehicle plus extras such as Protection Plans, accessories and fees. Taxes are calculated based on the full purchase price of the vehicle.

Ownership

You are the registered owner of the vehicle while you pay your monthly payments. When you complete your final payment, you will have full ownership of your Volkswagen vehicle.

Payments

You pay off the value of the contract over a fixed term, with equal monthly or bi-weekly payments. You can reduce your installment amount by making a down-payment at the time of purchase. Your first payment is due 30-days from the day of the delivery.

Personalization

You can customize the term, repayment structure and more to suit your personal financial situation.

Upgrading your vehicle

You can upgrade to a new Volkswagen at any time during or at the end of your fixed term. There is no penalty for paying out your loan early.

Protection Plans

• Mechanical Breakdown Protection
• Vehicle Loss Privilege Program
• Appearance Protection
• Loan Protection
• Anti-Theft

Leasing A Volkswagen

Cost

You will pay monthly payments based on an amount pro-rated to the term and kilometre option you have chosen and any extras such as Protection Plans, accessories and fees. Taxes are calculated on the monthly payment, not on the full price of the vehicle.

Ownership

You do not own the vehicle while you pay your monthly payments. When you complete your final payment, you will have the option of buying your Volkswagen for a predetermined price or returning it to the dealership (Volkswagen of Richmond).

Payments

You pay a monthly payment for exclusive use of the vehicle over a fixed term, with an option to purchase the vehicle for a predetermined amount (residual value) at the end of the term. You can reduce your monthly payment amount by making a down-payment at the time of purchase. Your first payment is due on the day of the delivery.

Personalization

You can customize the term, kilometre allowance, and more to suit your personal financial situation.

Upgrading your vehicle

You can upgrade to a new Volkswagen at any time during or at the end of your term. There is no penalty for paying out your lease early.

Protection Plans

• Lease Excess Wear Waiver
• Mechanical Breakdown Protection
• Vehicle Loss Privilege Program
• Appearance Protection
• Loan Protection
• Anti-Theft

Have any questions about leasing or financing a Volkswagen vehicle? Please get in touch with Volkswagen of Richmond and we’ll be happy to help!