Finance your new car blog

April 5th, 2022 by

Perks to financing your car purchase in Panama City

Why More Drivers in Panama City Take Advantage of VW Car Finance Deals

VW Car Finance from Volkswagen of Panama City Paves the Way to Car Ownership

If you’re a Panama City driver wanting or needing a new vehicle, you’ve got no less than countless options from which to choose, spanning more makes, models and trims than ever. Once that part of the puzzle is solved, you then have a variety of avenues to select from with regard to making that perfect car, truck or SUV yours.

Options range from paying cash up front (which isn’t common) to leasing or financing the vehicle. While Volkswagen of Panama City specializes in all three processes, a more preferred way to roll for many is by financing the vehicle. There are certainly perks to any choice, but financing carries a set of highlights too enticing for many to pass up.

For a look at why more drivers are financing with Volkswagen of Panama City, please continue reading. We also enthusiastically invite you to visit us for more information from one of the standout members of our fiance center team.

Perks to Financing Over Leasing

Since paying cash for a new vehicle up front is rare, we’ll focus here on the two more realistic approaches people take to get a next vehicle. For drivers not interested in a long-term commitment, but still want to select from the latest-and-greatest makes and models, leasing is a great way to roll.

Leasing is similar to a long-term rental of two-to-three years. Monthly lease payments are typically lower than auto loan payments, which is all some drivers need to hear to make up their mind. Other drivers, though, aren’t so keen on the idea of having to give back what they’ve been paying for.

Here are a few key perks to an auto finance one will not find with an auto lease:

  • Equity in the car accumulates
  • Once the loan payments are completed, it’s yours free and clear; no more payments
  • Once the vehicle is yours, you can sell it or trade it in to offset the cost of a new vehicle
  • There are no mileage restrictions, and you are free to customize the vehicle as you wish
  • Insurance rates may be lower with the auto finance option

Financing Tips

If you’re someone who tends to drive out of necessity more so than enjoyment and/or are just not that jazzed up about ownership, monthly lease payments do make sense. Other drivers, though, seek a return on investment and/or do want to ride off into the sunset in that particular vehicle.

If VW car finance feels right for you, here are a few things to remember:

  • When you choose the route of car financing, you’re buying the car….over time. Make sure you’re happy with that big picture
  • If you are comfortable with that big picture, avoid late payments. Not only can they come with penalty fees, but if a recurring issue, it could adversely affect your credit score
  • Put as much money down up front as you can or are comfortable with. The more you put down, the lower your monthly car payments will be

Benefits of Financing Your Car Purchase with Volkswagen of Panama City

In general and all throughout life, good people tend to congregate towards good people. At Volkswagen of Panama City, we take pride in the respectful and friendly demeanor of our staff. Whether it’s help with a VW car finance or finding the right new Volkswagen or other vehicle, we are all driven by gratitude for the customer.

For help with a new or pre-owned Volkswagen or other used car, financing or trading, let Volkswagen of Panama City get you on the road in style. We are also home to a standout service center to help with all maintenance and repair needs.

For all things automotive, remember the dealership that gets – and maintains – an extraordinary client base, Volkswagen of Panama City.

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