Buying vs. Leasing, A Look At The Pros and Cons

There are important financial differences between buying and leasing a new car in Long Island City. When you buy a new vehicle, you’ll be obligated to make payments until the entire worth of the car is paid off, unlike in leasing.

When you lease a car, you make payments until your lease duration is over, then, you can continue making payments on the vehicle you have or upgrade to a new vehicle. Between the two options, there are plenty of benefits to buying or leasing a vehicle in Astoria. Make sure you do your research, then make the choice that’s best for you.

Benefits to Financing A New Car

Owning the vehicle means you don’t have to watch out for mileage limits or pay extra for minor damage including scratches or upholstery stains. When it’s time for a new vehicle, you can sell or trade it in. Some other benefits include:

  • You can fully customize your new VW because you will be the owner
  • You’ll have the option to sell your VW after your payment schedule is finished
  • No lease contract, instead you have a plan arranged with a bank or financing institution
2018 Volkswagen Passat SE side profile

 

Benefits to Leasing A New Car

Overall, monthly payments are lower when you choose to lease versus buying a vehicle outright. Aside from longer lasting warranties, you can enjoy the following benefits when leasing your next vehicle:

  • Your initial down payment may be at a lower cost, if at any cost all
  • Standard vehicle maintenance is covered in your lease contract
  • You have the option to upgrade your vehicle at the end of your lease
2018 Volkswagen Passat touchscreen
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(718) 728-8111

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5615 Northern Blvd. • Woodside, NY 11377

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Long Island City Volkswagen

5615 Northern Blvd. Woodside, NY

Phone: (718) 728-8111

https://www.google.com/maps/place/Long+Island+City+Volkswagen/@40.753826,-73.9067497,17z/data=!3m1!4b1!4m5!3m4!1s0x89c25f1082786adf:0xf43453edd2b85b21!8m2!3d40.753826!4d-73.904561

Parts

Phone: (718) 274-0633

5615 Northern Blvd. Woodside, NY

Sales

Phone: (718) 728-8111

5615 Northern Blvd. Woodside, NY

Service

Phone: (718) 274-2300

5615 Northern Blvd. Woodside, NY
40.753828 -73.90442999999999
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Long Island City Volkswagen
Long Island City Volkswagen
5615 Northern Blvd.
Woodside, NY, 11377 United States
(718) 728-8111
https://di-uploads-development.dealerinspire.com/longislandcityvolkswagen/uploads/2017/09/LongIslandCityVWOGImage.png
Long Island City Volkswagen 40.753828, -73.90442999999999.