Buy vs Lease near Alexandria, VA
If you’re in the market for a vehicle, then you may know the complications that come with deciding between buying and leasing. Many would-be drivers get stuck on this dilemma, but we here at Sheehy Volkswagen of Springfield would like to assist with that endeavor. Continue reading to learn more about both avenues!
Financing
When you cruise around Alexandria, perhaps you’d like to take pride in the fact that the car you are operating is completely your own. If that’s the case, then a financing contract may be in your future. That’s because these four- to seven-year long agreements result in your full ownership of the model. This means no mileage limits, a future of not needing to put forward anymore monthly installments, and the ability to physically alter the vehicle in any way you please. This plan will also save you money over an extended period of time, making it somewhat of a long term investment.
Leasing
In comparison, leasing contracts are the complete opposite of financing ones. You are essentially renting the vehicle, during which you are kept to a mileage limit and cannot alter the model in any way. With that said, the terms of how much you can drive can be negotiated with our Finance Department. This plan comes with the added benefit of being less costly in the short term as you are only affording the monthly depreciation rate of the car. These plans also last for around two to four years, making it perfect if you plan on moving out of the area sometime soon. When the agreement comes to an end, you can choose to lease another vehicle, begin financing your current one, or simply walk away if you no longer need a model to get to Huntley Meadows Park with.
What’s Best For You
Finding the right plan for you is an endeavor that largely depends on your individual circumstances. For example, do you make many trips along Route 1? Then the mileage limits imposed by a leasing contract may prove to be some trouble, making a financing agreement the better choice. How much financial investment are you willing to put into the vehicle? They can largely vary depending on which type of plan you expect to embrace, so consider this carefully. You should also take into account that each iteration lasts a different amount of time, so if you plan on moving out of town in the near future, this could largely impact your decision. Speak with our team today!
Financing:
Leasing:
- Lasts four to seven years
- Leads to eventual ownership
- Paying toward the total sticker price
- Lasts two to four years
- Essentially renting the model
- Affording average depreciation rate
Dealership Information
Testimonials
Loved my experience & if I’m looking for another SUV i will be coming back here
I had the best car-buying experience at Sheehy, from the Sales to the financing process!
“ I had the best car-buying experience at Sheehy, from the Sales to the financing process! I highly recommend you work with David Cox. He went above and beyond to ensure the process was easy, understandable, and enjoyable at the same time. Having experience not the best service by Sales Reps at dealerships in the past, I can say that David is a rare gem in the space who truly cares about his clients. In addition to this, I worked with the Finance Manager, and he is just amazing! If you are searching for a dealership that cares for its clients, I highly recommend you go to Sheehy! ”
David Cox at Sheehy was above and beyond exceptional.
“ David Cox at Sheehy was above and beyond exceptional. We just moved across the country and we desperately needed a new car. David made the process seamless and painless. We were so lucky to have him by our side. We love our new Tiguan! ”
He answered all questions and made us feel comfortable about making an important decision for our growing family.
“ David was amazingly helpful, friendly and courteous from the second we walked in the door and ever since we left with the new vehicle. He answered all questions and made us feel comfortable about making an important decision for our growing family. ”
The staff team involved from our test drive through to purchase were excellent.
“ The staff team involved from our test drive through to purchase were excellent. They provided courteous, service with an emphasis on respect and details. Granted it was a sales transaction, but they truly went above and beyond to ensure our satisfaction! ”
Close
“ Jonathan did a great job assisting me with finding a car. He did his best to work with my budget & I walked away with a great car with warranty and my oil changes are covered for a couple of years ! Jake is the most funniest person you can meet ! He made the ending process smooth and funny & gave me advice for the future. Very straightforward guy ! Loved my experience & if I’m looking for another SUV i will be coming back here ”