How Does Volkswagen Leasing Work?

Whether you’ve been eyeing a Volkswagen Jetta lease or a Volkswagen Atlas lease, the Volkswagen leasing process is a breeze at Classic Volkswagen. In this guide, we’ll explain exactly how to get your VW lease started – along with the numerous benefits of leasing vs. buying.

The Volkswagen Leasing Process: Step by Step

Not sure how leasing a car works? It’s simple, and the team at Classic Volkswagen can help you every step of the way:

• Credit Score Check: Your credit score helps determine not just your eligibility for a lease, but also your rates. We recommend checking your credit score ahead of time, so there are no surprises when you apply.
• Create Your Budget: How much can you put down initially? What can you afford from month to month? Use our payment calculator to crunch the numbers, and figure out your basic budget before you shop.
• Take a Test Drive: Make a list of vehicles that fit your budget, your driving needs, and your preferences. Plan a few test drives, and try to simulate your everyday driving route around Bedford and Willoughby.
• Sign the Paperwork: Once you’ve found your car, discuss your options with a representative. You’ll select your mileage cap, discuss your lease terms, and sign the agreement.

Volkswagen Leasing Lingo

What’s a mileage limit? What is your car’s residual factor? Sometimes car dealership lingo can feel a little confusing to Chardon shoppers, so we’ll break down the key terms that can help you at the dealership:

• Residual Value: When you lease a car, you’re paying for the lost residual value. The residual value is the percentage of the car’s remaining value at the end of your lease term.
• Money Factor: The money factor is to a lease what an interest rate is to a finance deal. So the higher your money factor, the more you’ll pay in interest over the course of your lease.
• Mileage Limits: In order to limit depreciation, your lease contract will include mileage limits. You’ll set your limit at the beginning of your lease and if you go over the limit, you’ll need to pay a fee.
• Lease Term: Your lease term is the length of your contract. While three-year, 36-month leases are the most common, some drivers return their cars in just two years.

Why Lease a Volkswagen?

Finally, why should you consider a Volkswagen Jetta lease or a Volkswagen Atlas lease over financing?

• Lower monthly payments than financing
• New model upgrades at the end of your lease
• Customizable mileage limits
• Extensive warranty coverage
• Flexible options at the end of your lease

Start Your Next Lease with Classic Volkswagen

Are you ready to check out the latest Volkswagen lease deals? Reach out to us at any time at Classic Volkswagen to learn more about our current lease offers! Contact us or visit our dealership in Mentor, and get more car-buying tips from our experts about used car financing, VW Sign and Drive, and more.