A woman and a man in front of a car

Financing and leasing

Leasing versus financing a car

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Still trying to decide which financial plan works best for you? Check out our quick guide for the pros and cons of financing, leasing and VW Select. For more information, visit your nearest Volkswagen dealer and talk to one of our experienced Business Managers.

Financing

VW Select

Leasing

Cost

You can borrow the full purchase price of the vehicle plus extras such as Protection Plans, accessories, and fees. Taxes are calculated on the full purchase price of the vehicle.

You can borrow the full purchase price of the vehicle plus extras such as Protection Plans, accessories, and fees. Taxes are calculated on the full purchase price of the vehicle.

You will pay monthly installments based on an amount pro-rated to the term and kilometre option of your choice; plus any extras such as Protection Plans, accessories, and fees. Taxes are calculated on the monthly payment, not on the full price of the vehicle.

Ownership

You are the registered owner of the vehicle while you pay your monthly installments. When you complete your final installment you will have full ownership.

You are the registered owner of the vehicle while you pay your monthly installments. When you complete your final installment along with the lump-sum VW Select payment you will have full ownership.

You do not own the vehicle while you pay your monthly installments. When you complete your final installment, you will have the option of buying your Volkswagen for a predetermined price, or returning it.

Payments

You pay off the value of the contract, over a fixed term, with equal monthly or biweekly installments. You can reduce your installment amount by making a down-payment at the time of purchase. Your first payment is due 30-days from the day you take delivery.

You pay down the value of the contract, over a fixed term, with equal monthly or biweekly installments. On the due date of your final installment a pre-determined amount (end-value) becomes due to satisfy the contract. You can reduce your installment amount by making a down-payment at the time of purchase. Your first payment is due 30-days from the day you take delivery.

Similar to renting a home, you pay a monthly installment for exclusive use of the vehicle over a fixed term, with an option to purchase the vehicle for a predetermined amount (residual value) at the end of the term. You can reduce your installment amount by making a down-payment at the time of purchase. Your first payment is due on the day you take delivery.

Personalization

You can customize the term, repayment structure, and more to suit your personal situation.

You can customize the term, repayment structure, and more to suit your personal situation.

You can customize the term, kilometre allowance, and more to suit your personal situation.

Upgrading your vehicle

At any time during, or at the end of the fixed term, you can explore upgrading to a new Volkswagen with your dealer. There is no penalty for paying out your loan early.

At any time during, or at the end of the fixed term, you can explore upgrading to a new Volkswagen with your dealer. There is no penalty for paying out your loan early.

At any time during, or at the end of the fixed term, you can explore upgrading to a new Volkswagen with your dealer. There is no penalty for paying out your lease early.

Protection Plans

  • Mechanical Breakdown Protection
  • Vehicle Loss Privilege Program
  • Appearance Protection
  • Loan Protection
  • Anti-Theft
  • Mechanical Breakdown Protection
  • Vehicle Loss Privilege Program
  • Appearance Protection
  • Loan Protection
  • Anti-Theft
  • Lease Excess Wear Waiver
  • Mechanical Breakdown Protection
  • Vehicle Loss Privilege Program
  • Appearance Protection
  • Loan Protection
  • Anti-Theft

Cost

You can borrow the full purchase price of the vehicle plus extras such as Protection Plans, accessories, and fees. Taxes are calculated on the full purchase price of the vehicle.

Ownership

You are the registered owner of the vehicle while you pay your monthly installments. When you complete your final installment you will have full ownership.

Payments

You pay off the value of the contract, over a fixed term, with equal monthly or biweekly installments. You can reduce your installment amount by making a down-payment at the time of purchase. Your first payment is due 30-days from the day you take delivery.

Personalization

You can customize the term, repayment structure, and more to suit your personal situation.

Upgrading your vehicle

At any time during, or at the end of the fixed term, you can explore upgrading to a new Volkswagen with your dealer. There is no penalty for paying out your loan early.

Protection Plans

  • Mechanical Breakdown Protection
  • Vehicle Loss Privilege Program
  • Appearance Protection
  • Loan Protection
  • Anti-Theft

Financing

What is financing?

Before you own the road, you may want to own your Volkswagen. With our financing plans, you can do just that. You can choose a personalized deposit, financed amount, term and repayment structure. What’s more, you can borrow the required funds at a low interest rate and pay for your vehicle over your chosen term.

Financing benefits

  • Own your Volkswagen for the life of the vehicle and build equity
  • No vehicle customization limits or kilometre restrictions
  • Competitive rates and flexible terms from Volkswagen Finance

Mechanical Breakdown Protection

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VW Select

Choose from 24, 36, 48, or 60 months on new current model year vehicles.

Benefits

  • Low monthly payments
  • A range of VW Select terms
  • No kilometre limits
  • No excess wear and tear charges
  • Several options at the end of your contract

*VW Select and VLPP is not available to residents of Quebec.

Vehicle Loss Privilege Program

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Leasing

What is leasing?

If you like to keep things fresh and your monthly payments low, leasing might be just the thing for you. Depending on your needs, the length of your lease can be anywhere from 1 to 5 years with a set kilometre limit. At the end of the lease, you can pick a new Volkswagen for your next adventure, purchase your current Volkswagen for a predetermined price, or return it to your Volkswagen dealer.

Benefits

  • May provide lower monthly payments than financing, over a shorter term
  • Flexible lease terms and a range of kilometre allowances that suit your lifestyle
  • Ability to turn-in your vehicle for a newer Volkswagen model or buy your vehicle at a predetermined price at lease maturity
  • Drive a new Volkswagen more often!

Still have questions?

Visit our FAQs page to learn more.

What's next

Disclaimers by Volkswagen

  • † Prices shown are MSRP where indicated. MSRP is the Manufacturer’s Suggested Retail Price and excludes taxes, freight and PDI ($1,750 (Jetta, Jetta GLI, Golf GTI, Golf R), and $1,950 (Tiguan, Taos, Cross Sport, Atlas, ID.4), levies, fees, optional equipment, license, insurance, registration, and any dealer or other charges (where applicable). If MSRP is not mentioned, prices shown include freight and PDI, environmental levies and a representative dealer admin fee (actual fee amount is set by dealers and varies).  Environmental or related levies and taxes may vary by jurisdiction. Dealer may sell for less. Prices are in Canadian dollars. This is not an offer to sell at a certain price. Actual selling prices and terms are set by dealers.  European or American models may be shown. Specifications, equipment, options and prices are subject to change without notice. Although we endeavour to ensure that the information contained on the website is accurate, as errors may occur from time to time, customers should contact their local Volkswagen dealer for details. Photos for illustration purposes only. Some items, such as wheels, may be unavailable on some trim levels when vehicle is built or may not be available in Canada.
  • Due to supply chain disruptions, certain trim levels may not be readily available and require a factory order from your Volkswagen dealer. Wait times will vary as a result of these supply chain disruptions, with current lead time for factory orders estimated between 6 – 8 months for most models, and approximately 18 months for the ID.4, subject to change without notice. Actual delivery dates could be affected by various factors beyond Volkswagen Canada’s and Volkswagen Canada Dealer’s control. Volkswagen Canada or Volkswagen Dealers will not be liable for any such delay in delivery. Supply chain disruptions can cause changes in available standard and/or optional equipment. The MSRP for a vehicle will be adjusted if specific equipment is not included. Please contact your dealer for more information.