Anyone that is considering getting a new car is well aware that there are two different approaches; buying the car or leasing it. To this day the majority of consumers continue to purchase a new car outright, often by financing it, but more and more consumers are turning to a Volkswagen car lease in Naperville.
What is the better way? When is leasing a more sensible choice over purchasing and is leasing something that you should consider?
The benefits of car leasing:
The biggest benefit for most people is the fact that they can usually get more car for the money via leasing. When you lease a car you actually are paying the depreciation on the vehicle rather than pay for the whole purchase price. A simple example:
If you lease a $30,000 vehicle for a three year period, the forecasted value at the end of the term might be $18,000. The payments you make are actually only on the difference of $12,000. If, on the other hand, you had bought the car you would be making payments on the whole $30,000.
A Volkswagen car lease in Naperville is ideal for people who do not have much money for a decent down payment. There are lease deals readily available with as little as $1,000 down payment. When buying a car outright the minimum down payment is usually between 10 and 20 percent of the purchase price.
Another great benefit is the fact that every three years you will step into a new car. When you finance a car over a five year period you make monthly payment over the term. If you want out it is your problem to dispose of the car, you either have to sell it privately, or turn around and use it as a trade in on another new car. Not so with a lease, once the agreed period is up you turn the car back in to the leasing company and arrange for a new model. Read more at website url and also follow us on Twitter to get latest information about car leasing.
