Volkswagen Finance FAQs

Here at Dean Team Volkswagen of Ballwin, we’re committed to providing a stress-free car buying experience for drivers in the Ballwin and St. Louis areas. With our easy online pre-approval process, attractive specials, and top-dollar trade-in offers, financing your next vehicle has never been simpler. Our expert finance team is here to help you every step of the way, ensuring you receive the best possible terms and rates tailored to your needs. Explore the following frequently asked questions to learn more about financing with us, and take the next step toward your new Volkswagen today.

Q: Can I get pre-approved online?

A: Yes, we offer a quick and easy online pre-approval process. Simply visit our website, fill out the secure application, and get a decision within minutes. This helps you save time and gives you a clearer understanding of your financing options before stepping into the dealership.

Q: What is the difference between buying and leasing?

A: When you buy a vehicle, you own it outright once your loan is paid off. This means you can drive it for as long as you want, without any mileage restrictions. Leasing, on the other hand, allows you to drive a new vehicle for a set term (usually 2-3 years) and lower monthly payments. However, leases come with mileage limits, and you'll need to return the car at the end of the lease term unless you decide to buy it.

Q: What are my lease return options?

A: As your lease term ends, you have a few options:

Return the vehicle to us and lease or purchase a new Volkswagen.

Purchase your leased vehicle at its residual value.

Simply return the vehicle if you're not interested in a new lease or purchase.

Our finance team will walk you through each of these options to determine the best course of action for your situation.

Q: What are my vehicle protection options?

A: We offer a variety of vehicle protection plans designed to give you peace of mind, including extended warranties, maintenance plans, GAP insurance, and tire and wheel protection. These plans help cover unexpected repairs and maintenance, so you can enjoy your Volkswagen without worrying about costly repairs down the road.

Q: What kind of specials do you offer?

A: At Dean Team Volkswagen of Ballwin, we frequently offer specials on both new and pre-owned vehicles, as well as financing deals and lease offers. Check our website regularly for current promotions, or speak with our finance team to learn more about available incentives that could save you money on your purchase or lease.

Q: How can I find out how much my trade-in is worth?

A: To get an estimate of your trade-in value, visit our online trade-in tool on our website. Simply provide basic information about your vehicle, such as its make, model, year, mileage, and condition. You can also bring your car into our dealership, and we'll provide an in-person appraisal to ensure you get top dollar for your trade.

Q: What information do you need for a loan?

A: To process your loan application, we’ll need the following:

Proof of income

Proof of residence

Valid driver’s license

Proof of insurance

Information on the vehicle you wish to purchase or lease Our finance experts will review your application and work with lenders to secure the best possible terms for you.

Q: What determines if I am a qualified buyer?

A: Lenders typically look at several factors to determine if you’re a qualified buyer, including your credit score, debt-to-income ratio, employment history, and the amount of your down payment. Our finance team works with multiple lenders to help find financing solutions for all types of credit situations, so don't hesitate to reach out even if you're concerned about your credit.