Volkswagen Tiguan Special Offer: Finance as low as 0% APR when you finance through Volkswagen Credit.
Down Payment may be Required. To Qualified Credit. See dealer for details.

Buy vs. Lease at Frank Boucher Volkswagen of Racine in Racine WI

Should I Buy or Lease?

One of the first questions that shoppers ask themselves at Frank Boucher Volkswagen is, “Should I buy or lease my next car?” When deciding between buying vs. leasing, both options have plenty of benefits. However, you might find that one option fits better with your financial goals and driving preferences. One driver in Kenosha may prefer the lower costs of a lease, while another in Lake Geneva might prefer the long-term savings of a loan plan. The choice is ultimately up to you, but the team at Frank Boucher Volkswagen is here to help you make the best option for your unique wants and needs.

Whether you choose a Volkswagen Tiguan lease or you opt to buy a new Atlas in Racine, our goal is to keep the payments affordable while ensuring that you choose an option to fit both your driving preferences and financial goals.

We’re here to help you make the right decision every step of the way.

Why Should I Consider Leasing?

As you explore buying vs. leasing a car in Racine, leasing offers a bit more flexibility. It is also the lower-cost option, which is often why some will choose it over buying.

Depending on the terms you choose, most leases will only last for about three years. You can determine how long you want your lease as well as how many miles you plan to drive each year. As such, it provides the opportunity for Wisconsin drivers to frequently upgrade – no strings attached.

Consider the following when you’re looking at leasing Volkswagen models:

  • Ownership: The dealer or lender will remain as the owner throughout the entirety of the lease. You are basically paying to use the car throughout the duration of your contract. Think of it as a long-term rental agreement.
  • Up-Front Costs: There are a few up-front costs required by most leases, including the first month’s payment, a security deposit, and an acquisition fee. There may also be some state fees and taxes. This is in place of a down payment. Should you want to make a down payment, too, that will lower your monthly costs.
  • Future Value: Since you’re not the owner of the vehicle, you don’t have to stress about depreciation. However, you would be responsible for excessive wear and tear or mileage above and beyond the terms of the lease, which can result in penalty fees.

  • End of Lease: When the lease is up, you simply return it to the dealership. If you fell in love with the vehicle, there are lease-to-buy car programs that you can explore with our finance department.

Why Should I Consider Financing?

Financing is the most common option for Racine drivers. The biggest appeal to buying your car is the total ownership that you’ll enjoy. Not only does this allow you to drive and customize your car as much as you’d like, but you’ll also enjoy greater long-term savings if you’re ready for the commitment!

Here are some things to consider about a loan with VW Finance:

  • Ownership: When you opt to finance a VW, you pay the lender while building equity. At the end of the loan, you own the vehicle outright.
  • Up-Front Costs: You’ll pay a larger down payment upfront, but this can vary based on the terms you want. If you have an old car, the trade-in value can be used as a down payment, too.
  • Future Value: While there will be depreciation over time, there are preventative maintenance services that can help to keep your vehicle at a good value. Additionally, since you are the owner, you can choose to sell your vehicle.

  • End of Loan: When the loan is over, the vehicle is yours. You’ll even receive a lien release to prove you’ve paid it off in full.

Compare Buying vs. Leasing with Frank Boucher Volkswagen of Racine

FactorsLeasingFinancing
Monthly PaymentsTypically lower than financingTypically higher, but leads to ownership
Down PaymentMay be lower or none requiredOften requires a down payment
Vehicle OwnershipYou don't own the car; must return or buy the vehicle at lease-endYou own the car once the loan is paid off
Mileage limitsUsually includes mileage limits with potential fees for exceeding themNo mileage restrictions
CustomizationRestrictions may apply due to lease termsFull customization possible
Maintenance CoverageMay be covered under warranty for the lease termOwner is responsible for maintenance after warranty expires
Long-Term CostCan be cost-effective for those who prefer driving a newer car more frequentlyTypically more cost-effective over time if you keep the vehicle long-term
Upgrade FlexibilityProvides an easy way to drive a new car every few yearsRequires selling or trading in to upgrade
EquityPayments go toward use of the vehicle but do not build equityBuilds equity as payments are made
End of TermOptions to return, lease a new vehicle, or purchase the leased carNo more payments once the loan is paid off
Early TerminationMay have fees for ending a lease earlyCan sell or trade in the car at any time, though loan balance must be covered

Searching for ‘auto leasing near me’ but have questions? Want to explore the various terms available for auto financing? At Frank Boucher Volkswagen of Racine, we have friendly staff members who can talk to you about your options. We’ll ask questions about your budget, how many miles you typically drive in a year, and more. These will allow us to help you determine whether WV leasing or buying is the right move for you.

You can contact us by email or online with questions. You can also stop at the dealership in Racine to have a chat with us in person. While you’re here, you might as well get behind the wheel of a few of the latest VW models, too. We’d love to help you find the Volkswagen to fit your lifestyle!

Get Directions

9601 Washington Ave, Racine, WI, 53406
Frank Boucher Volkswagen of Racine 42.7189524, -87.9042989.