Lease vs Buy

New Car Lease vs Buy

Why Lease a New Car?

If you want to drive newer, safer, more reliable vehicles, prefer not make a large down payment every few years, and also do not drive an exorbitant amount annually, then a new car lease may be better for you. Leasing is intended for those who would prefer to avert the hassle of selling and buying every time they want to drive a new car or SUV.

Why Should You Buy a New Car?

Conversely, if you prefer long term relationships with a greater sense of commitment and ownership, then buying should be what’s better for you. Car-buying is typically best for drivers who do not mind driving the same car for more than five years or even until it is no longer suitable for the freeway.

Leasing vs Buying: Which One Is Right for You?

Being aware of the pros, cons, and overall benefits of leasing vs buying a car or SUV is critical. Be sure to examine factors like potential savings, vehicle ownership, monthly payments, and repair costs when calculating the best new vehicle financing type for you.

Buying: Ownership vs Leasing

When it comes to vehicle financing, new car or SUV ownership absolutely comes with many well-known advantages, most associated with outright ownership of the car. You may not realize, but, there are also a few great benefits of leasing, as well. It’s essential to consider all financial aspects including term length, down payment, monthly payments, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A close checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car or SUV.

pros and cons of leasing vs financing a new car

Monthly Payments

Car or SUV lease payments are often times less expensive compared to auto loan and car financing payments as the typical lease structure is pretty much renting with the option to purchase at the final payment of your lease term. Consider when leasing that you’re going to need a healthy credit score, and will be required to carry collision and comprehensive insurance, although the same can be said for the best rate auto loans. Though it can likely add to monthly payments, it’s also smart to choose a model with the features you need or want, as personal satisfaction is often priceless.

why leasing a car is smart

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It is important to keep this in mind when calculating monthly costs of ownership vs leasing. Regardless of what make and model you buy, mechanic bills are an uncertain cost that can rapidly add up. And for those of us who are not certified auto mechanics with a hydraulic jack and full toolset in the garage, leasing might be the best option for peace of mind.

lease vs buy car analysis

Savings vs Investment

In general, a new car or SUV lease saves money in the short term with lower monthly payments, while buying earns you a long term investment, meaning outright ownership of the value of the car or SUV at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for terminating the vehicle lease early, going over mileage, or putting on excessive wear and tear. For maximum investment on a purchased/financed vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


Lease Buy
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available
APR % Credit-Based Credit-Based
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Maintenance & Repair Costs Typically Included Not Included


Volkswagen Lease and Finance Offers In San Antonio TX

Volkswagen of Alamo Heights knows that choosing the right Volkswagen car and financing option is never easy. Our team of experienced Volkswagen lease and finance specialists are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership located in San Antonio, TX. We look forward to serving you.



Lease vs Buy Volkswagen In San Antonio TX | Volkswagen of Alamo Heights

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DealerRater Apr 13, 2024

Smooth process with the Volkswagen of Alamo Heights, appreciate the team there. They do a great job

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DealerRater Apr 13, 2024

Victoria did an excellent job keeping me informed on the status of my car and work being done

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DealerRater Apr 10, 2024

The service team always takes care of me and are communicative the whole time! I always leave there in a good mood.

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DealerRater Apr 10, 2024

Victoria did an amazing job to help with my vehicle service. I had a long list of things that needed attention and she was incredible and super detail oriented. Thank you for providing updates throughout the process. I’d recommend VW Alamo heights and Victoria to anyone who needs service for their VW. Thank you again!!

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DealerRater Apr 10, 2024

Nice people and quick service! I’ll be back for my next service with this dealership.

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Volkswagen of Alamo Heights 29.5151787, -98.4457564.