Buy vs Lease near Frederick, MD

Whether you want to buy or lease a vehicle, Sheehy Volkswagen of Hagerstown near Frederick can be your one-stop shop for automotive solutions. If you’re debating between these two options, read this guide prepared by our team to learn about the benefits of each!

Buying

One of the most popular ways of getting behind the wheel, purchasing typically entails four to seven years of loan reimbursements unless you are paying the full sticker cost upfront. This makes it financially inaccessible to some, although buying used is one way to gain full ownership of a car without the factory-fresh price tag. But if you have the means, purchasing gives you a lot of freedom to travel as much as you want, as you won’t be restricted by a mileage limit. Making your vehicle truly your own through modifications and adjustments is also a possibility when you go down this route.

Leasing

A method of accessing a mode of transportation that has been growing in popularity, leasing lets you essentially borrow a factory-fresh vehicle for two to four years. Because you are only expected to pay for the anticipated depreciation of its value, your monthly installments won’t be as hefty compared to financing. Another way in which leasing is budget-friendly is that while your leased car is in your possession, you may be covered by the manufacturer’s warranty or complimentary maintenance program. For example, Volkswagen’s Carefree Coverage¹ suite of products includes certain factory-scheduled services² for two years or 20,000 miles, whichever comes first! However, you will be imposed a mileage allotment, which may not suit your lifestyle.

Which Option Is Right for Me?

When guiding our customers through the process of deciding between purchasing or leasing, our financial advisors suggest considering several factors. First, what is your budget? Another important aspect to think about is your travel needs. Whether you work from home or have long daily commutes that take you up and down Interstate 70 should be a deciding criteria as you weigh your options. Lastly, assess your long-term plans, such as whether you are thinking of starting a family or moving to another state in the near future. If we can help with your decision-making process in any way, please don’t hesitate to let us know. We look forward to assisting you in your automotive journey!