All Vehicles Are Available With An Auto Loan

One of the main benefits of getting an auto loan is that any vehicle can be purchased with this auto finance option. Whether you're looking for a new, Certified Pre-Owned or pre-owned vehicle, a car loan may be the right choice for you. This is not the case with a car lease. A lease is only an option on new models. Of course, if you already have your heart set on a new model, this isn't a problem for you. However, if you're looking for a pre-owned vehicle to save money, an auto loan is the best option.

A Car Lease May Include Lower Monthly Payments

The biggest thing that draws prospective car buyers to look into a car lease instead of an auto loan is the prospect of lower monthly payments. The monthly payments may be as much as 25% lower when choosing a car lease over a car loan for the same vehicle. This can enable buyers to get their dream car when they might not otherwise be able to do so. It is important to keep in mind that the exact numbers and the exact savings vary from buyer to buyer and from vehicle to vehicle. It is important to evaluate your options with experienced financial professionals like those at our Volkswagen dealership.

Put As Many Miles On Your Vehicle As You Want With A Car Loan

Another advantage of a car loan is that it does not have the mileage restrictions that a car lease has. Drivers who put many miles on their vehicles would probably be better off getting a car loan. If they got a car lease instead, they may have to pay penalties for excess mileage at the end of the lease. The limitations on mileage with a car lease vary but normally run from 6,000 miles per year up to 12,000 miles per year.

A Car Lease May Have Tax & Liability Benefits

One of the lesser-known potential benefits of getting a car lease has to do with tax and liability advantages. It's common for companies to lease company cars. If you have a small business, you can also lease your car through your business. This way, you may be able to access certain tax deductions that you wouldn't otherwise have. Also, leasing a car through your business will provide you with a level of liability protection, just as an incorporated business does in other matters.

Visit The Capital Volkswagen Dealership Today

Prospective car buyers are more than welcome to visit our Tallahassee car dealership. Our financial staff is standing by to help you figure out what the best option is for your situation. You can even get the financing process started from home by completing the financing pre-approval application on our website. When you've completed this application and you have your results, you can make an appointment through a website to come in at your earliest convenience. If you find an opening in your day, you can also simply drop in during our business hours. We look forward to helping you get into the car of your dreams, whether that's with a car loan or a car lease. Visit us today.