Balloon Type Financing

bocastephen1bocastephen1 Member Posts: 4
edited March 4 in Volkswagen
Does VW finance offer a purchase option where you buy the car, have payments similar to a lease, and have a mandatory buyout (balloon) at the end of the term? Some manufacturers have them and some don't. I don't want to start a debate about whether it's good or bad, I just want to know if VW has such a program or not because this is important for business owners who want a lease type payment, but need to own the car for the purpose of Sec 179 and Bonus Depreciation deductions.
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  • MichaellMichaell ColoradoModerator Posts: 182,043

    Does VW finance offer a purchase option where you buy the car, have payments similar to a lease, and have a mandatory buyout (balloon) at the end of the term? Some manufacturers have them and some don't. I don't want to start a debate about whether it's good or bad, I just want to know if VW has such a program or not because this is important for business owners who want a lease type payment, but need to own the car for the purpose of Sec 179 and Bonus Depreciation deductions.

    We aren't aware of a program similar to what you describe.

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  • kyfdxkyfdx Moderator Posts: 187,264

    Does VW finance offer a purchase option where you buy the car, have payments similar to a lease, and have a mandatory buyout (balloon) at the end of the term? Some manufacturers have them and some don't. I don't want to start a debate about whether it's good or bad, I just want to know if VW has such a program or not because this is important for business owners who want a lease type payment, but need to own the car for the purpose of Sec 179 and Bonus Depreciation deductions.

    Generally, those programs are only available in states that tax the full purchase price of the vehicle, even on a lease.

    Currently, that is VA and TX.

    That stated, no idea if VW has such a program

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