Volkswagen Finance 101: Frequently Asked Questions

Leasing or financing a vehicle is a major decision that should never be taken lightly. That’s why our Volkswagen finance team believes it’s in your best interest to ask as many questions as possible to fully inform yourself of the process and its intricacies. We’ve created this list of commonly asked questions to better assist you. Visit North Penn Volkswagen to learn more today.

Should I Lease or Purchase?

Whether you finance or lease your new Volkswagen vehicle largely depends on your budget and needs. Leasing has cheaper monthly payments, but you technically don’t own your car and will need to return it after a set amount of time. Financing is more expensive overall and requires a large down payment, but you get full ownership.

How Much Should I Put Down?

Although a down payment isn’t technically required in some cases, putting money down initially saves you money in the future. The more you put down, the less interest you’ll pay since the outstanding balance will be lower. Most experts recommend a down payment of about 20%.

Can I Get Pre-Approved with Low Credit?

We offer a convenient pre-approval tool on our website so you can check your current eligibility. Even with a poor credit score, obtaining an auto loan is still possible. However, you will likely have to pay extra interest.

What Should I Bring?

If you’ve decided to finance a vehicle, you’ll need to bring a few items to our dealership. Be sure to gather all current housing, employment, and income information. If you plan on doing a Volkswagen trade-in, you should also bring all of the relevant documents for your current car.

Do You Offer Any Specials?

No matter what type of vehicle you’re searching for, we have an ever-changing selection of new Volkswagen specials that allow you to save money on your purchase. This includes 0% APR financing deals and money taken directly off the sticker price.

Visit Us in Colmar, PA, With All Your Volkswagen Finance Inquiries

If you want to start the auto loan process, contact our Colmar, PA, Volkswagen dealership today. Once you’re here, our team will walk you through each step so you can buy or lease with your peace of mind intact. To learn more, give us a call or stop by our showroom!