After spending months deciding on the perfect VW deciphering the best model, colour and extras, you have finally made your decision.
When you sit down with the VW car salesperson they ask about which VW finance option you have chosen, you realise you hadn't even
thought about it!credit repair
Choosing which car financing method suits you can be almost as confusing as choosing the car itself and takes some consideration. In
general there are three options you can choose from. These are:
1. Buying the car outright
2. Getting an auto loan to pay for the car
3. Leasing the car
Buying the car outright - This is the best way to buy a car, however the least popular. Choosing this option is only viable if you
have all the money to purchase the car upfront. An advantage of this type of purchase is that there are no repayments, interest or
loans involved and you can drive away owning your VW straight away. However very few people have a lump sum of money which they can
spend all at once, therefore other options are usually more favourable.
If you decide you want to buy the car but don't have all the money upfront, you can fill out a credit application to get an auto loan
and decide on manageable repayments. This type of car financing is the most popular as it allows you to control how much you repay
usually over 3 or 5 years and when all the payments have been made, you own the car yourself. There are also two options here, either
getting the car loan from the VW dealership or sourcing it yourself from a bank. The most popular choice is to get the loan from the
VW dealership as it is the easiest way.credit repair
The final option is leasing the car, in which you will also need to fill out a credit application. With this type of financing, you
pay a sum of money upfront then decide on the length of the lease and make repayments on the loan monthly. However, when leasing a car
there is a residual price on the car. When all the repayments have been made you can decide whether to pay this residual price and buy
the car, or get you deposit back and place it down on a new car to start a new lease. If you decide to trade your car in for a newer
one, you may find you get charged for wear and tear.credit repair
With all these options there are advantages and disadvantages. When deciding on which VW finance option is appropriate, you should
take the time to decipher which is the most suitable for you in the long run. At all VW dealerships including VW Guildford, there will
be experts on hand to help you decide upon the correct financing option for you.
The Colbornes Group is a company with almost 70 years' experience in the motor industry and is proud to have been the first importer
of Volkswagen cars into the UK in 1949. We have since grown into one of the South East's leading motor retailers, and at VW Guildford
we deal with the Volkswagen brand and commercial vehicles as well as offering VW parts and accident repair services.
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