Everything You Need To Know About Leasing A New Car Near Orlando, FL
Car leasing is another method of financing a new vehicle that only involves paying for the portion of the vehicle that you use. For this reason, you are only required to pay for the portion of the vehicle that you use over the number of years in your lease agreement.
Considering that you are only paying for the portion of the vehicle that you use, you are only obligated to pay for the depreciation during the course of your lease. In most cases, leasing a new car is an affordable cost-effective way for qualified drivers to experience a new Volkswagen for sale near Orlando. Consolidated with reduced monthly payments, an inexpensive down payment, and budget-specified interest rates, new lease agreements make plenty of wiggle room in your wallet for a higher model trim automobile.
How long should a lease be?
The length of your lease is marked in your lease agreement as a lease term. A lease term is a fixed or limited non cancelable lease agreement also known as a lease period or lease tenure. Lease terms are largely dependent on the length of commitment you want to make. According to the DMV:
- Short term leases: 24 months or less
- Long term leases: 24 months or more
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Contact
Napleton's Volkswagen of Orlando
12700 East Colonial Drive
Orlando, FL 32826
- Sales: 855-688-3104
- Service: 855-634-9221
- Parts: 855-711-6598
Benefits of Leasing A New Car For Sale Near Orlando
The benefits of leasing a new car are endless. Considering that that there are to many highlights to count off-hand, we are going to jump right into some of our customers favorites:
- Low Monthly lease payments: drivers can cut back on monthly spending once they choose to lease a new Volkswagen from our local Orlando dealership. You can also drive a higher model trim vehicle than you ever thought you could affordÂ
- Little or no money down on new lease vehicle: Orlando Volkswagen lessee's can save more at the door when they choose to sign up for a new lease. You don't have to worry about paying a huge lump sum up front.
- Basic maintenance coverage for new car lease: With every new lease offer drivers are provided with basic maintenance coverage to help them maintain their new car.
- New lease trade in for new year model Volkswagen: At the end of your lease term you have the option of trading in your new lease for another new lease. How can you beat that?
- New vehicle warranty with every new vehicle: You never have to worry about driving with an expired warranty when you lease a new car from our local Orlando Volkswagen dealership.
- Depreciation:Â Only worry about the depreciation that happens while you have the vehicle.
- Orlando Volkswagen gives drivers the option to buy their vehicle at the end of their lease.
7 Key Terms to Understand Before Signing A Car Lease Agreement
Want to make your next five minutes count? Read and familiarize yourself with the key lease terms below. Trust us! You will thank yourself later.
- Capitalize Cost
- Capitalized Cost is the agreed-upon price for the car. After deducting for any down payment and /or trade-in (capitalized cost reduction), what's left is the leasing company's actual investment in the car.
- Capitalized Cost is the agreed-upon price for the car. After deducting for any down payment and /or trade-in (capitalized cost reduction), what's left is the leasing company's actual investment in the car.
- Residual Value
- Residual Value is the official estimate of what the car will be worth at the end of a lease term. it's calculated as a percentage of the car's original MSRP (Manufacturer's Suggested Retail Price), then converted to a dollar figure.
- Residual Value is the official estimate of what the car will be worth at the end of a lease term. it's calculated as a percentage of the car's original MSRP (Manufacturer's Suggested Retail Price), then converted to a dollar figure.
- Money Factor
- The money factor-also called the lease rate, lease factor, or factor-is essentially the same as the annual percentage rate (APR) in a conventional loan.
- The money factor-also called the lease rate, lease factor, or factor-is essentially the same as the annual percentage rate (APR) in a conventional loan.
- Term
- The term or length of a lease is usually stated in months.
- The term or length of a lease is usually stated in months.
- Mileage Allowance
- The mileage allowance is how many miles the lease allows you to travel without fees. This typically extends to 12,000 to 15,000 miles. However, you can always extend your lease mileage plan if you need to.
- The mileage allowance is how many miles the lease allows you to travel without fees. This typically extends to 12,000 to 15,000 miles. However, you can always extend your lease mileage plan if you need to.
- Lessee
- The person who holds the lease of the car- You
- The person who holds the lease of the car- You
- Lessor
- Lessors legally own the vehicle and allow you to lease the car
Where's The Best Place To Lease A New Car in Orlando?
Here
at Orlando Volkswagen, we are Central Florida's premier auto lease
dealer. We are dedicated to making your driving experience an
experience of a lifetime. We offer a winning combination of affordable
high quality automobiles and a sweeping variety of lease options.
Matched with superior customer service, we have built our business by
putting our customers first. You will also be pleased to know that we
offer incredible lease deals on all of your vehicle models including the
new Volkswagen Jetta, Passat, Arteon, Golf, Beetle, Tiguan, and Atlas.Â
Come take advantage of this months Volkswagen lease specials. Give yourself the chance to drive an award winning Volkswagen for a
spectacular bargain price. Start enjoying your favorite car just how you
want it. Don't compromise anything. Come find out why our local Orlando
Volkswagen dealership has been the home to lease drivers in Fruitland
Park, Altamonte Springs, and surrounding areas.Â
Orlando Car Lease Deals                                          Â
| Altamonte Springs Car Lease Deals                                          Â
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Orlando Volkswagen Car Leasing FAQ
- What's the difference between leasing a new car and buying a new car?
- How to trade in current Volkswagen lease for a new vehicle lease?
- How to qualify for a new car lease at Orlando Volkswagen Orlando?
- How to start leasing a new vehicle ?
- When is the best time to lease a new car?
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- Leasing a Certified Pre-Owned Vehicle - All You Need to Know