How does VW handle warranties with lease to buy cars?
2006-12-20 06:01:59 · 2 answers · asked by geoff_leeown 2 in Cars & Transportation ➔ Buying & Selling
Warranty issues are the same as if you owned the car outright. Nice thing about leasing is you know exactly whether you need an extended service plan or not, so long as you stay within the allotted miles of the lease.
Contrary to what's mentioned, leasing is actually a great way to stay out of the negative equity dilemma and allow you to trade more often. Of course as a car dealer I would want you to trade more often. But as a customer I love being able to get a new vehicle every 2 or 3 years. So many times when it comes time to trade, customers are "upside down." Meaning they owe more than the car is worth. Many times the situation is so bad they can't trade.
If you stay in the allotted miles, you have three great options at the lease's end. 1. Turn it in and walk away free and clear (granted there is no damage to the car) 2. Trade it on the newer model 3. Finance the remaining balance and keep the car
Leasing is not for everyone. But for those that like to trade more often, it's great. You can actually customize a lease to your driving habits. Even if you drive extensive miles, leasing can still be a viable option. Just make sure you know how much the extra miles will cost you and be sure to take that amount into account before the lease's end.
Beware of balloon payment options however. These can get you committed into buying it long term and paying far too much for it.
Just do your research to learn all the ups and downs of the agreement.
2006-12-20 11:15:03 · answer #1 · answered by Jeff K 3 · 0⤊ 0⤋
Don't waste your time leasing =---it's over-rated--just go out and buy it will be better to own and what about the miles on the leaSE ETC.....
2006-12-20 18:43:13 · answer #2 · answered by XTX 7 · 0⤊ 0⤋