Financing Vs. Leasing

1 In our previous blog we discussed the benefits and downfalls of leasing a vehicle vs. financing. In this blog we will focus on the pros and cons of financing a vehicle compared to leasing to help you decide what method of purchasing a vehicle is better for you.

First, let’s look at your current financial situation. Are you able to put down a sizable or decent down payment? The more you put down upfront the lower the monthly payments will be. Monthly payments will also be determined by your credit score, income, level of debt and more. Think about how much you can handle a month and how long you want your loan to be. The more you stretch it out, the more interest you will pay over time. But if you are financially ready, have a decent down payment or considering shortening your loan term than you are prepared to embark on your purchasing journey.

Now the real fun begins. The best part about financing and not leasing is…freedom. Freedom! You have no mileage restrictions, you can alter your vehicle, you can keep it as long as you want and once it’s paid off, you own it. Sometimes people pick a vehicle and keep it until they run it into the ground. Maybe it’s their first car, one they always wanted, reliable, a classic or maybe it becomes family. If you are one of those people, financing is definitely better for you.

Now to the drawback of financing (before paying off the loan). When you finance a car it’s hard to predict what the vehicle will be worth, when and if you are ready to trade it or sell it. If you owe more than the car is worth, you will have to actually come up with a little money just to sell it. Ouch! With leasing, all that is calculated upfront and put in writing.

It all comes down to what payment method will work for you and what fits your lifestyle. Read up on the facts, numbers and finance options before making a decision.

You have a lot more options and factors to consider before completely leasing or financing! Have more questions? Feel free to email, call or come in anytime.

Part 1 “To Lease or Not to Lease…That is The Question

To Lease or Not To Lease…That is The Question

4You’ve decided that you’re ready for a new car but you’re not sure if you want to lease or finance? Purchasing a car can be a daunting decision and deciding how to go about paying for it can be another challenge. So how do you know what’s better for your situation? We will analyze both situations so that you can determine what is going to work best for you.

So let’s say you’re leaning toward leasing. Well, when you lease you can get more car for less money! How? Typically when you lease, the monthly payments are lower because you’re only paying for the future depreciation of that vehicle, not the retail value. This way you are only paying a percentage for a vehicle that would normally cost more. The percentage that you would pay is determined by the predicted value of what the car will be worth at the end of the lease (which is the residual value). Imagine getting to enjoy the vehicle you really want for a lower price and then after the lease ends getting to try out something new all over again! Leases are great for people who always want the newest, up-to-date and technology filled vehicles. Another benefit to leasing is that most leases last about three years and tend to cover the length of many bumper-to-bumper warranties.

Do you need a large down payment for a lease? Nope, in fact if you only have a small down payment in your back pocket, leasing is the better option. However, the monthly payments work just like financing a vehicle. The more money you put down on a vehicle, the lower your payments will be and vice versa.

Now let’s talk about the drawbacks of leasing. You need to maintain the car (I would hope so with any car!) and failure to do so can result in fees/penalties when you return the vehicle at the end of your lease. Remember you are signing a contract and should return this vehicle in as great condition as possible. Along with that comes the promise of no major alterations happening to the vehicle and keeping it well maintained. Another factor to consider is how much you drive. Do you live far from where you work? Do you travel a lot? Lease contracts limit the number of miles you drive and if you go over that amount, you’ll pay fees and that can get a bit pricey.

There are three options that you can choose from at the end of your lease:
1.) You can purchase the car for the residual value (sometimes customers use leasing as a way to finance a vehicle they couldn’t at first afford)
2.) Walk-away and turn in your keys and pay the small termination fees or for any wear and tear.
3.) Trade in the lease to avoid any fees

You have a lot more options and factors to consider before completely leasing or financing! Have more questions? Feel free to email, call or come in anytime.

Part 2: “Finance vs. Leasing

DIY: So You Want to Detail Your Vehicle

470470_393123217396004_352129015_oMaybe you don’t have enough time to take your vehicle in for detail and want to do the job yourself…or maybe you’re teaching your children how to be responsible! Whatever the reason is, there are a lot of do’s and don’ts when it comes to properly cleaning a vehicle. Passing on this information could help maintain the quality of your beloved car. So you want to detail your vehicle…but want to make sure you are doing it correctly? We have a few tips to share with you!

Light Detailing (Regular):
1.) Soak the car with water before applying anything else.
2.) Use a microfiber cloth, no paper towels or rags, but a genuinely good microfiber cloth.
3.) Use proper vehicle soap. NO dish detergent! It will strip your wax! In this case “squeaky clean” is not a good thing.
4.) Use a Carnauba wax (wax on and wax off).
5.) Apply degreaser on your wheels. But never apply degreaser when the wheels are hot, if they are…wait until they cool down.
6.) Use an all purpose cleaner for the interior – a microfiber cleaner (also diluting it helps because it’s not as strong).
7.) DON’T use glass cleaner in the sun. If you read most bottles they say “do not use in direct sunlight.” Use a window cleaner with no ammonia. It also helps to use one damp rag and one dry one (if your windows are tinted wash with one and then dry quickly with the other to prevent streaks and stains).

FULL Detail (For some SERIOUS detailing):
1.) Wash the vehicle
2.) Clay the Car (for paint treatment only) you would use this method when a wash just isn’t enough anymore. Using a clay bar removes all the particles and debris that gets embedded in your vehicle’s surface. After use, your paint you will be left with a surface that is as smooth as glass and properly prepped. It is now prepped and ready for polish.
3.) Polish it
4.) Glaze it
5.) Wax it
6.) Use paint sealant (optional)

Other Tips:
1.) I know it’s common in southwest Florida, but if you own a Brick Pavers driveways do NOT wash your vehicle there…the brick dust can stain your pavers.
2.) Love Bug Season: If your vehicle is covered in the corpses of dead Love Bugs (I know when driving on the highway during season it’s inevitable) make sure to wash your vehicle right away before the acidity from the Love Bugs eats through the paint and ruins it.

Have any questions or concerns? Feel free to ask!

Nothing Like the Classics

We have a lot of customers stop by and ask us about our classic show room beetles. Where do they come from? What year are they? What’s their story?

1978This 1978 Volkswagen Beetle Champagne Edition II features a Peach Red Metallic exterior over a clean and comfortable cream interior. This is a stunning example of how caring owners can make a vehicle last. It’s classic, rare, in exceptional condition and a real treat to see!

History: The body was stripped and painted in its original paint color including jambs. Odometer was replaced approximately 4k miles ago and door badge added to accurately state correct mileage.

Interesting Facts: While we do not know confirmed numbers for total production of this special edition, it is estimated that less than 1,000 of these were produced in total.

It is sitting proudly in our VW showroom with the top down for all visitors to enjoy.

Update: This lovely bug just found a home!


Quicker, Faster and More Efficient: Our New Service Drive


Our goal is to have every customer get exceptional and fast customer service. We’re constantly trying to find ways to make our processes better, and with that in mind, we have added a new RFID customer recognition system.

What is the RFID system? It stands for radio-frequency identification and it is the wireless use of electromagnetic fields to transfer data to our identifying software. Simply put, this new system has been helping us process incoming vehicles for service, and allows us to add a personal touch. It has been installed for about six months now and our clients are really starting to see the changes. These RFIDs are placed on every service customer vehicle and loaner, as well as every vehicle on our lot for retail sale. This helps identify and locate where a vehicle will or may be. The stickers are place behind the rearview mirror and contain encrypted information. When a vehicle comes through the drive equipped with one, the tag is automatically scanned and decoded. The information pulled from this includes vehicle model, year, customer’s name, exterior color and if the vehicle is a loaner. Service employees receive emails/text messages once a customer arrives, and are able to prepare for their service request before our clients even open their car door. This information is also displayed on a 55” screen in the service drive, showing a list of customers, and some information about our VW Service Advisors. This ensures that we can greet everybody in a more personalized way, and cuts down on hassle and wait time for our clients.

The goal of this system is to reduce cycle time, quicken service in all stages and to make the car more readily available once service has been performed. It also helps us track how long the vehicle stays at each stage; from arrival, technician time, detail, and eventually when it is picked up.