New Car Lease vs Buy

Leasing vs Buying a New Car

Why Should You Lease a New Car?

If you want to drive newer, safer, more reliable cars or SUVs, but prefer not to pay a sizeable down payment every few years, and also do not drive an enormous amount annually, then a new car lease should be better for you. Leasing is ideal for people who prefer to avoid the annoyance of buying and selling every time they want to upgrade to a new car or SUV.

Why Should You Buy a New Car?

On the other hand, if you prefer long term relationships with a greater sense of ownership and commitment, then buying could be what’s best for you. Car-buying is typically best for consumers who will not mind driving the same vehicle for over five years or even until it is no longer suited for the highway.

Buying vs Leasing: Which One Is Right for You?

Being aware of the pros, cons, and overall benefits of buying vs leasing a car is important. Be sure to consider potential savings, vehicle ownership, monthly payments, and repair costs when weighing the pros and cons of the best new car financing type for you.

Leasing vs Buying: Ownership

When considering vehicle financing, new car or SUV ownership certainly comes with many well-known advantages, most associated with complete ownership of the car. You may not be aware, but, there are also some nice benefits of leasing, as well. It’s important to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A precise audit 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.

benefits of leasing vs financing a new car

Monthly Payments

Car lease payments are often less expensive compared to car financing and loan payments as the typical lease format is more-or-less renting with the option to purchase at the end of your lease term. Keep in mind when leasing that you will need a higher credit score, and will be required to carry comprehensive and collision insurance, though the same can be said for the lowest rate auto loans. Although it could increase your monthly payments, it is also wise to choose a model with the features you need or want, as personal satisfaction is often priceless.

is it better to lease or buy a car

Maintenance & Repair

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

is leasing better than financing

Investment vs Savings

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 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 maximizing investment on a purchased/financed vehicle, you can pay it off quickly and also avoid excessive wear and mileage.


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


Volkswagen Lease and Finance Offers In Lubbock TX

Gene Messer Volkswagen 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 location in Lubbock, TX. We look forward to serving you.




Lease vs Buy Volkswagen In Lubbock TX | Gene Messer Volkswagen

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DealerRater Mar 1, 2024

They were very organized, efficient, and professional. I had a perfect experience! Andrew Martinez made sure all my concerns were addressed.

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DealerRater Mar 1, 2024

Amanda was great! She was super kind and helped me in any way possible to get my car fixed! Thank you Amanda!

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DealerRater Feb 29, 2024

Great work good customer service would recommend got the job done and fixed the issue

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DealerRater Feb 28, 2024

with just a short drive from Amarillo and a less than delightful experience w Mazda Amarillo - I called Gene messer looking for a car I found online . Then w the best luck ever - we found Luis Esparza - he is a rock star . we want to come back to GMV when Skyler is ready to buy his next car .We loved the NO HAGGLE , no hassle service and I love my new car !

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DealerRater Feb 25, 2024

Great service! Explained the repairs needed w/ a quote & not pressured to get it done that day .I will definitely be back!

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Gene Messer Volkswagen 29.7777148, -95.5441151.