BUYING VS. LEASING A Car

Should I lease?
If you agree with one of the following statements, leasing may be right for you.

  • I like to drive new luxury cars every few years. 
  • I need a luxury car for professional or business purposes.
  • I want to try a vehicle before purchasing it.
  • I trade in cars often.
  • I enjoy keeping up with the latest technology.
  • I don't want the responsibility of long-term vehicle maintenance.
  • I want the flexibility to upgrade my vehicle when a new model comes out.
  • I am looking for an affordable way to drive a new luxury vehicle. 




Should I buy?
If you agree with one of the following statements, buying may be right for you.

  • I would like to own my vehicle for more than a few years.
  • I want the freedom to do what I want with my vehicle.
  • I drive a lot and do not want mileage restrictions.
  • I do not mind if my vehicle is not under warrant.
  • I would like to take a traditional path to auto ownership. 
  • I am most concerned about paying a low interest rate. 
  • I would like to own my vehicle once it has been paid off.

What are the benefits of leasing a car?
Our Finance Experts explain benefits for leasing your Volvo.


A lease allows for lower monthly payments.
Typically, leasing a vehicle allows for lower monthly payments than traditional financing with similar terms. With a lease, you pay for the difference between the vehicle's price and its expected price at the end of the lease. 

Pay less upfront to drive home in a new vehicle.
Typically, you can expect to pay a lower down payment than you would with traditional financingsince you are not paying for outright ownership of the vehicle. Additionally, there are some leases that don't require a downpayment.

Low maintenance costs.
Another benefit is that most leased vehicles are new and come with a warranty. As many lease terms last 2-3 years, they should lie within the vehicle's warranty period, meaning you should be covered if anything goes wrong during your lease.

It gives you the opportunity to keep up with innovation.
A Volvo lease provides drivers with an affordable option to change cars with the changes in automotive technology. 
Additionally with a lease, you may have the opportunity to upgrade your vehicle for a new one without increasing your monthly payment. The beauty of leasing is that you can always drive a new car.

You don't have to worry about selling your vehicle.
Once your lease is up, just return it to the dealership.

It will motivate you to take care of your car.
Since you are returning your vehicle at the end of the lease, you will want to keep your vehicle in good condition to avoid any penalties. 

Can't let go of your vehicle?
If you decide you love your vehicle and don't want to give it up, you can always purchase your lease.



What are the benefits of buying a car?
Our Finance Experts explain benefits for purchasing your Volvo.


Your vehicle is your asset.
Typically, buying a vehicle will result in higher monthly payments since you are paying for the full cost of ownership. Unlike in a lease, once you finish making payments you will own your vehicle.

Credit doesn't have to be perfect.
Often times, if you are looking to purchase a vehicle, we can work with you if your credit is less than perfect. Speak with one of our finance experts to learn more. 

Having an asset that you can sell.
If you decide that it is time to get rid of your vehicle, you always have the option to sell it. If you are interested in having your car valued, we would be happy to assist you.

Learn how use technology to it's full potential.
Not everyone wants to adapt to new technology every couple years. If you are concerned about adapting to new technology, we offer technology clinics every few months to help you get comfortable with using the features on your new Volvo. By owning your car, you can learn about your Volvo's technology and stick with it for years to come. 

You can choose to write a check for your vehicle.
For those who have the capital and are not interested in making incremental payments, there is always the option to purchase your vehicle outright.

The freedom to do what you want.
With ownership, there are no constraints on how you care for your vehicle. Additionally, you can add features to the vehicle, like putting in a customized set of speakers or altering the engine.

If you want, you can keep it forever.
Maybe one day it will be a classic.


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