Apply for credit now and save time at the dealership

Applying for credit is easy, and you can get started financing a purchase or lease right here. Use the form below to provide us with information we need to help find the payment and terms that work best for you.

As soon as we process your information, one of our experienced Financial Managers will call you to review your options.

How Should You Finance Your Next Volkswagen Vehicle?

Financing a new vehicle can be stressful for Cedar Rapids drivers because of the commitment you are making to a specific vehicle. It can also be stressful because you may not know the best option for financing the Iowa City vehicle. Here is some information on what each option offers and how each work.

Leasing vs. Buying

The two options for financing a vehicle for Waterloo drivers are leasing and buying. Leasing a vehicle is essentially renting the vehicle from the dealership for a couple of years at a time, while buying is becoming the owner of the vehicle and paying it off completely.

Leasing can be a great option for those unsure about a certain vehicle or if you do not want to be tied to one car for a long time. Leasing options can allow you to drive a vehicle for a couple of years at a time. The benefits of leasing a vehicle are that the payments are not as large as buying the vehicle, and repair/maintenance costs can be much lower.

The payments are lower because you are not paying for full ownership. Since you are only driving the vehicle for a couple of years, you will only have to pay for a portion of the total cost of the vehicle. Also, since the ownership is still the vehicle owner, they will provide repairs/maintenance at a much lower cost.


If you are looking to own a used car in Cedar Falls and not have to worry about mileage limits and constantly make payments on the vehicle, you may want to buy the vehicle. Leasing a vehicle can come with mileage limits since you are not the owner of the vehicle. If you are looking to use a vehicle for long periods and travel extensively, you may want to buy. Also, payments are not constant. When you pay off the vehicle in full, the payments stop, and you are the sole owner of the vehicle. Under a lease contract you will be obligated to make a payment each month for the entire duration of the lease, and it will result in no ownership of the vehicle.

Visit McGrath Volkswagen of Marion for More Information

If you are interested in purchasing a Volkswagen vehicle, then you can come into McGrath Volkswagen of Marion in Marion, IA. Our team will help inform you on all our financing plans and make sure that you select the one that is best for you.

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Privacy Statement

As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your nonpublic personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), respond to court orders and legal investigations, or report to credit bureaus.

B) For purposes of processing a sale or lease transaction as your request or authorize, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company we control, or any company under common control with us.

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I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.

We're sorry, availability of some equipment, options or features may be limited due to global supply issues affecting the auto industry. Please be sure to verify that the vehicle you purchase includes all expected features and equipment.