The Difference Between Leasing & Financing

Leasing vs. Financing: How are they different?

When you visit Prestige Volkswagen in Melbourne, FL, to get a new car, you might wonder if you should lease or finance it. Both leasing and financing provide flexibility for Palm Bay customers who want to keep under their budget. Both financing and leasing offer unique advantages, and the specialists at our Finance Center can work with you to find the method that works best for your budget. Here is how financing and leasing a new vehicle differ.

Leasing

When you lease a vehicle, you don't actually buy it. You pay for the ability to drive it around Rockledge for the duration of the leasing period. When the lease ends, you return the vehicle to the dealership, at which point you also have the option to lease a new vehicle. You also have the option to buy the vehicle outright.

One of the advantages of leasing is that when you trade in your vehicle every two to three years, you can enjoy driving exclusively late model cars. If you want financial flexibility and like the sound of driving newer cars exclusively, then leasing might be right for you.

Financing

When you finance a vehicle, you take out an auto loan to buy the vehicle outright. You then must pay back the loan, usually over many years, during which time it will accrue interest. However, the vehicle belongs to you; you can take it home to Cocoa, Fl, and customize it or drive it as long as you want.

The primary advantage of financing a vehicle is that you are buying the vehicle outright. If owning your car is important to you, then financing it might be the right idea for you.

Finance or Lease a Vehicle at Prestige Volkswagen


Whether you want to get a sedan for your family in Sebastian, FL, or you want a powerful SUV for off-roading around Merritt Island, then you should check out the inventory of new vehicles at Prestige Volkswagen. Once you know which vehicle you want, you can visit our Finance Center to set up either leasing or financing your vehicle. To find out more about leasing or financing a vehicle at our dealership, contact us today!

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  1. Prestige Volkswagen

    1416 S. Harbor City Boulevard
    Melbourne, FL 32901

    • Sales: (321) 309-8989
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  • Contact our Sales Department at: (321) 309-8989
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