If you’re keen on owning a Volkswagen car, you’ll be glad to know that this German car manufacturer offers Volkswagen deals that lets you own a vehicle easily and may be even painlessly. There are roughly two types of car buyers: new buyers and experienced buyers.
If you fall under the new buyer category, chances are you don’t have a credit history that would qualify you for a car loan. But being a new car buyer is not something you have to worry about, because there are sweet Volkswagen deals just for you.
If you’re employed full-time and are buying for the first time, you can own a new car or a pre-owned vehicle without any credit history or a co-signor to guarantee your car financing. All that Volkswagen requires is that the car you buy should be the first car you’ve ever financed.
If you’re a college student who’s graduating with the next 6 months, or are a college graduate whose gradation was less than two year ago, you can still own a Volkswagen without any credit history. What you need though is proof that you have a full-time job, OR a commitment letter from your future employer. The amount of your down payment depends on whether you lease or buy. If you opt to lease, you don’t have to pay for the first month’s rent, or pay for security deposit.
For regular buyers, you have three options: lease, buy or Driver’s Option.
The good thing about buying is that you own the vehicle, so you won’t be cramped by excess wear charges or mileage restrictions associated with leasing a vehicle. Buying is a simple as making monthly payments for the duration of your car loan, and as soon as the car loan is paid off, the car is all yours. Volkswagen deals for buying come in loan terms of 12 months to 72 months.
The leasing option is typically for people who want to make lower monthly payments for driving a car or want to drive a new Volkswagen every few years. Whatever your reason for leasing, you simply decide how long you want to drive the car, typically from one to four years, then you turn in the vehicle once the lease term is up. On the average, the longer your lease term, the lower your monthly rent payments. At the end of the lease, you can also opt to buy your vehicle.
If you can’t seem to decide whether you want to buy or lease, Volkswagen has a special deal for undecided drivers called the Driver’s Option, which is available in most states in the United States.
With the Driver’s Option, you choose how long you want to drive your vehicle, pay your monthly dues and then you’ve got three options: (a) pay off the balance of the car’s value and keep the car, (b) refinance the balance of the car’s value, or (c) find a car dealer and walk away. The good thing about the Driver’s Option is that you pay lower monthly payments on the average, and there’s no security deposit or acquisition fee required.