Balloon Type Financing

Comments

• Michaell Moderator Posts: 241,012

  March 2021

  bocastephen1 said:

  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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• kyfdx Moderator Posts: 236,760

  March 2021

  bocastephen1 said:

  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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