Finance

Navigate Through the Process of Financing a Volkswagen with Help of Our Houston Finance Experts

Many buyers turn to finance options to get into a new vehicle. Without having cash to pay for the entire cost of the vehicle upfront, auto loans and leases are options to consider. Our finance professionals can help evaluate each type of auto financing agreement's pros and cons so that you can make the best decision for your situation. From pre-approval to driving off the lot, our Finance Center's professional staff at DeMontrond Volkswagen works alongside you and lenders to get great terms on quality new and used vehicle models.

New Car Loan or Lease Options

The two main methods of auto financing that buyers consider are loans and leases. You may have heard this terminology before, but the specifications of each type of agreement remain widely misunderstood by customers.

An auto loan is an agreement offered by a lender consisting of a total amount that is broken down into periodic payments with interest added in. Customers are responsible for these monthly payments until the end of the loan term, at which time they become the owner and are named on the vehicle title as such.

However, auto lease agreements are a bit different. Many manufacturers have leasing programs that set up an agreement with a monthly payment and interest rate. The difference in this agreement is that the customer never fully becomes the owner unless that condition is agreed upon at the end of the lease term. Typically, when a lease ends, a customer will sign a new lease on a different vehicle or finance a new model with an auto loan.

Getting Pre-Approved For a New Car in Houston

The benefit of applying for credit at DeMontrond Volkswagen is that our Finance Center professionals can receive multiple offers from various financial institutions for your proposed auto loan.

This gives you plenty of options to choose from, leaving you to select the one with the best terms and interest rate. When you are pre-approved, it is easier to shop for a vehicle within the price range you can attain financing for. Our professionals can help get a pre-approval in your hand so that you can shop for a new Volkswagen worry-free.

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