Buying vs. Leasing a Vehicle in Idaho Falls, ID
At Teton Volkswagen, we’re proud to offer a variety of auto financing solutions to fit every lifestyle and budget in Idaho Falls, Idaho. Whether you’re set on owning your next car or are curious about the VW lease process, our team is here to help. To learn more about the differences between buying and leasing a vehicle, read below or give our team a call today.
Differences Between Leasing & Buying a Vehicle
| Benefits | Leasing | Buying |
|---|---|---|
| Ownership | X | |
| Lower Down Payment | X | |
| No Mileage Limit | X | |
| Vehicle Customization | X | |
| Easier Trade In | X |
Should You Buy or Lease Your Next Car?
When you’re ready to find your next car, you likely think of taking out an auto loan as your source of financing. Traditional auto financing is a great option for those who seek vehicle ownership or for those who prefer having no contract restrictions. With every loan payment, you gain equity in your vehicle until eventually the lender hands over the title to the car once you pay the loan off. Alternatively, when you choose to lease a vehicle, your monthly payments tend to be lower since you’re essentially paying for the depreciation of the car, and not equity. Auto leasing is a great choice to consider if you drive a consistent and somewhat conservative number of miles each year, and don’t want the added responsibilities that come with vehicle ownership. At Teton Volkswagen, you can fully customize the length and mileage terms of your VW lease to suit your needs. Whether you drive 8,000 or 12,000 miles a year, our team can help you create a plan that fits your needs. At the end of your lease term, typically 36 months, you can choose to purchase the vehicle, trade it in for another model, or turn it in and walk away. For more information about the differences between buying and leasing a car, give our team a call or visit us in Idaho Falls, ID today.
Stress-Free Auto Financing in Idaho Falls, ID
In addition to our array of auto financing and VW leasing options, Teton Volkswagen also offers a variety of other resources to assist your car shopping journey. If you have a vehicle you’d like to trade-in, we’ll happily provide a fair market value so you have extra cash to put towards your new car. Be sure to also explore our current Volkswagen lease specials and financing incentives to find incredible offers on the latest models. To get started, submit a secure online financing application for pre-approval or visit our Idaho Falls, ID finance center for assistance. We look forward to meeting you!