Frequently Asked Questions About Leasing

Leasing FAQs in VW Union, NJ

There are many facets to the leasing process, so we understand if you have questions about parts of the process. Our Volkswagen leasing center will happily guide you through the process if any part is confusing. You may also see if your question is answered below. Do not hesitate to contact our team if you do not find an answer to your lease question. We are happy to help you in any way we can near Newark.

Frequently Asked Questions

Why is Leasing a Good Option?: Leasing is a good option for several reasons near Kenilworth, NJ. Those reasons include the desire to upgrade to a newer model every two to three years, always having your vehicle under warranty, and significantly fewer worries about reselling your vehicle. Overall, a lease is a great option for those that do not want or need to commit to a vehicle for more than a few years.

How Long Does a Lease Last?: The vast majority of vehicle leases last around two or three years. While there are always exceptions to the rule near Edison, NJ, two or three years is the general rule of thumb for how long vehicle leases last.

Do I Have to Put Money Down?: A down payment is not required for a lease deal. However, you may need to provide the first month's payment as a security deposit, an acquisition fee, and other applicable costs.

How Many Miles Do I Get with a Lease?: There is an annual mileage limit with most lease contracts. The agreed-on value typically varies between three options: 10,000 miles, 12,000 miles, or 15,000 miles. There are exceptions to the rule, but generally, these are the available limits. Exceeding the agreed-on mileage limits often results in additional fees per mile.

Can I Use Specials with a Lease?: Yes, there are several lease specials to use on your lease deal at our dealership near Elizabeth, NJ.

Is Leasing a Car Better Than Buying?: Whether leasing is a better option than buying depends on your specific needs. If you only need a vehicle for a short period, a lease might be a more suitable option.

What is Residual Value?: A vehicle's residual value is the pre-arranged price a manufacturer believes a vehicle will be worth at the end of a lease. That value is subtracted from the negotiated price of the vehicle, meaning you only pay for the value your vehicle will lose while driving it.

How is Sales Tax Applied?: Sales tax is only applied to your monthly payments during your lease.

Can I End My Lease Early?: It is possible to end your lease early. However, please remain aware that the company you received your lease from may not allow you to do so. Before you decide to end your lease early, call them and see if they will allow you to. Also, keep in mind that ending your lease may incur several fees.

What Happens at the End of My Lease?: At the end of your lease, you will return your vehicle to our dealership and choose one of three main options near Springfield, NJ. First, return your lease and then walk away. Second, return your lease and begin a new lease. Third, buy your leased vehicle and own it.

Still Have Questions? Reach Out to Us

Our lease team is here to support you in your hunt for leasing knowledge. Give us a call today or visit us in person. We cannot wait to speak to you.