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 Financial Services 

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.

FAQs

What's next

Discover your vehicle’s maintenance timeline

Learn about our pre-paid maintenance plans 

Learn about our financing options

What's next

© Volkswagen Canada 2024

Disclaimers by Volkswagen

† Prices shown are MSRP where indicated. MSRP is the Manufacturer’s Suggested Retail Price and excludes taxes, freight and PDI ($1,950 (Jetta, Jetta GLI, Golf GTI and Golf R), $2,100 (Tiguan, Taos, ID.4) and $2,150 (Cross Sport, Atlas), 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 $500 representative dealer admin fee (actual fee amount is set by dealers and varies, up to $500). Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. 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.  Model specifications provided may vary based on selected trim, options, and installed accessories.
**Limited time lease offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2024 Taos 1.5T Highline base model with 7-speed automatic DSG® with Tiptronic® 4MOTION® transmission / 2024 Tiguan 2.0T Highline base model with 8-speed automatic with Tiptronic® 4MOTION® transmission /  2024 Atlas 2.0T Execline base model with 8-speed automatic transmission with Tiptronic® 4MOTION® transmission having a starting MSRP of $37,995/ $45,495 / $60,495. $2,100 / $2,100 / $2,150 freight and PDI, $100 air conditioning levy, $23 tire recycling levy, $10 OMVIC fee, $58 PPSA fee and $500 representative dealer admin fee (actual fee is set by dealers and varies, up to $500), included in weekly payment. Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. In Ontario, Volkswagen Group Canada Inc. is responsible for the tire recycling fee used to cover the cost of collecting and recycling end of life tires when returned by consumers.Lease example: 36-month term at 2.99% APR equals a weekly payment of $132/ $154 / $221, $0 down payment or equivalent trade-in, $530 / $620 / $880 security deposit, and first weekly payment due at lease inception. License, insurance, registration, options and applicable taxes are extra. Total lease obligation: $20,483 / $23,951 / $34,406. Residual value is 61% / 61% / 55%.  Annual 16,000 kilometre allowance; charge of $0.15/km per excess kilometre. Offers end April 30, 2024 and are subject to change or cancellation without notice. Duties, provincial regulator levies (if applicable) also due at lease inception. Dealer may sell or lease for less. Dealer order/trade may be necessary. Conditions apply.  Visit vwoffers.ca or your Volkswagen dealer for details. “Volkswagen,” the Volkswagen logo, all model names and trimline names are registered trademarks or trademarks of Volkswagen AG, used under license. © 2024 Volkswagen Canada.
^ Limited time lease offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2024 Atlas 2.0T Execline base model with 8-speed automatic transmission with Tiptronic® 4MOTION® transmission / 2024 Atlas Cross Sport 2.0T Execline base model with 8-speed automatic transmission with Tiptronic® 4MOTION® transmission having a starting MSRP of $60,495/ $59,395. $2,150 freight and PDI, $100 air conditioning levy, $23 tire recycling levy, $10 OMVIC fee, $58 PPSA fee and $500 representative dealer admin fee (actual fee is set by dealers and varies, up to $500), included in weekly payment. Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. In Ontario, Volkswagen Group Canada Inc. is responsible for the tire recycling fee used to cover the cost of collecting and recycling end of life tires when returned by consumers. Lease example: 36-month term at 2.99% APR equals a weekly payment of $221 / $214, $0 down payment or equivalent trade-in, $880/ $850 security deposit, and first weekly payment due at lease inception. License, insurance, registration, options and applicable taxes are extra. Total lease obligation:$34,406 / $33,267. Residual value is 55%/ 56%.  Annual 16,000 kilometre allowance; charge of $0.15/km per excess kilometre. Offers end April 30, 2024  and are subject to change or cancellation without notice.   ^^Rate shown after 0.50% loyalty rate reduction. Loyalty offer available to eligible current Volkswagen owners and previous Volkswagen owners who returned a leased vehicle, or whose finance contract with Volkswagen Financial Services ended, within the past 90 days (some exceptions apply), with purchase or lease (through Volkswagen Financial Services, on approved credit) of new and unregistered 2024 Atlas and Cross Sport vehicles. The loyalty rate on any loan or lease, including the discount, will not be below 0.0%. Offer is transferable to an immediate family member living in the same household as the Primary/Co-Primary buyer or lessee. Offer is non-exchangeable for cash. Loyalty reduction applies to Volkswagen Special Rates offered through Volkswagen Financial Services excluding the Dealer Employee Purchase program rates. Valid identification and proof of valid loan/lease for/of Volkswagen that was: (i) active for a minimum of 90 days; (ii) in good standing throughout the term; and (iii) that ended within the 90 days prior to the expiry of this offer, are required. Volkswagen vehicles currently being financed/leased with Volkswagen Finance are not eligible for the rate reduction. Offer expires April 30, 2024 and is subject to change or cancellation without notice. Dealer may sell or lease for less. Dealer order/trade may be necessary. Conditions apply.  
*** Limited time lease offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2024 Jetta 1.5T Highline base model with 8-speed automatic transmission with Tiptronic® transmission having a starting MSRP of $31,595. $1,950 freight and PDI, $100 air conditioning levy, $23 tire recycling levy, $10 OMVIC fee, $58 PPSA fee and $500 representative dealer admin fee (actual fee is set by dealers and varies, up to $500) included in weekly payment. Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. In Ontario, Volkswagen Group Canada Inc. is responsible for the tire recycling fee used to cover the cost of collecting and recycling end of life tires when returned by consumers. Lease example: 36-month term at 3.99% APR equals a weekly payment of $128. $0 down payment or equivalent trade-in, $510 security deposit, and first weekly payment due at lease inception. License, insurance, registration, options and applicable taxes are extra. Total lease obligation: $19,960. Residual value is 55%. Annual 16,000 kilometre allowance; charge of $0.15/km per excess kilometre. Offers end April 30, 2024 and are subject to change or cancellation without notice. Duties, provincial regulator levies (if applicable) also due at lease inception. Dealer may sell or lease for less. Dealer order/trade may be necessary. Conditions apply.  Visit vwoffers.ca or your Volkswagen dealer for details. “Volkswagen,” the Volkswagen logo, all model names and trimline names are registered trademarks or trademarks of Volkswagen AG, used under license. © 2024 Volkswagen Canada
△△Limited time finance offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2024 Golf GTI 2.0T Performance base model with 7-speed automatic DSG® with Tiptronic® transmission having a starting MSRP of $42,395. $1,950 freight and PDI, $100 air conditioning levy, $23 tire recycling levy, $10 OMVIC fee, $58 PPSA fee and $500 representative dealer admin fee (actual fee is set by dealers and varies, up to $500) included in weekly payment. Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. Finance example: 36-month term at 5.99% APR equals a weekly payment of $316. $0 down payment or equivalent trade-in due at signing. In Ontario, Volkswagen Group Canada Inc. is responsible for the tire recycling fee used to cover the cost of collecting and recycling end of life tires when returned by consumers. License, insurance, registration, options and applicable taxes are extra. Cost of borrowing is $4,194 for a total obligation of $49,230. Offers end April 30, 2024 and are subject to change or cancellation without notice.  Duties, provincial regulator levies (if applicable) also due at lease inception. Dealer may sell or lease for less. Dealer order/trade may be necessary. Conditions apply.   
⁑ Loyalty offer available to current Volkswagen owners and previous Volkswagen owners who returned a leased vehicle, or whose finance contract with Volkswagen Financial Services ended, within the past 90 days (some exceptions apply), with purchase or lease of a new, unregistered Volkswagen model. 2 yr VW Prepaid Maintenance Plan provided at no additional cost. If customer purchases longer maintenance, offer will cover the first 2 years / 30,000 km at the value indicated and customer will pay the balance. Plan covers regular maintenance appointments (for services recommended by VW) within 2 years or 30,000 km (whichever occurs first). Visit https://www.vw.ca/en/shopping-tools/prepaid-maintenance.html or your Volkswagen dealer for more details. Valid identification and proof of valid loan/lease for/of Volkswagen that was: (i) active for a minimum of 90 days; (ii) in good standing throughout the term; and (iii) that ended within the 90 days prior to the expiry of this offer, are required. Volkswagen vehicles currently being financed/leased with Volkswagen Financial Services are not eligible for the rate reduction. Offer is transferable to an immediate family member living in the same household as the Primary/Co-Primary buyer or lessee. Offer is non-exchangeable for cash. Offer ends January 2, 2025 and is subject to change or cancellation without notice.
△Limited time finance offer available through Volkswagen Finance, on approved credit, based on a new and unregistered 2024 ID.4 Electric ID.4 PRO AWD base model with single-speed transmission having a starting MSRP of $57,995. $2,100 freight and PDI, $100 air conditioning levy, $23 tire recycling levy, $10 OMVIC fee, $68 PPSA fee and $500 representative dealer admin fee (actual fee is set by dealers and varies, up to $500) included in weekly payment. Dealer Administration Fee includes documentation and administration costs related to the delivery of the vehicle, such as the dealer cost involved in licensing, lien search, and contract administration. Finance example: 36-month term at 0.99% APR equals a weekly payment of $396. $0 down payment or equivalent trade-in due at signing. In Ontario, Volkswagen Group Canada Inc. is responsible for the tire recycling fee used to cover the cost of collecting and recycling end of life tires when returned by consumers. License, insurance, registration, options and applicable taxes are extra. Cost of borrowing is $914 for a total obligation of $61,710. Offers end April 30, 2024 and are subject to change or cancellation without notice. ◊◊Amount shown is the maximum incentive provided by the applicable governments. VW does not administer these incentives. BC offers an incentive of up to $4,000 based on income. Amounts and eligibility are subject to change. Incentive information is provided for informational purposes only and VW makes no representations about the actual amount or eligibility for the incentive. See the provincial or federal administrator for details. Duties, provincial regulator levies (if applicable) also due at lease inception. Dealer may sell or lease for less. Dealer order/trade may be necessary. Conditions apply.  Visit vwoffers.ca or your Volkswagen dealer for details. “Volkswagen,” the Volkswagen logo, all model names and trimline names are registered trademarks or trademarks of Volkswagen AG, used under license. © 2024 Volkswagen Canada.
◊◊Amount shown is the maximum incentive provided by the applicable governments. VW does not administer these incentives. BC offers an incentive of up to $4,000 based on income. Amounts and eligibility are subject to change. Incentive information is provided for informational purposes only and VW makes no representations about the actual amount or eligibility for the incentive. See the provincial or federal administrator for details.