It’s a question we get a lot – how should I buy my next vehicle? It comes to buying or leasing, there are a few important differences between Volvo leasing and buying that any prospective buyer should know about. Today, we want to go over these differences, and what they mean for your bottom line.

Leasing a Volvo

When you’re looking to experience a Volvo vehicle but don’t plan on investing in purchasing a vehicle long-term, a lease can be a great option for you. Because most leases last at most three years, you can drive a brand-new Volvo car, usually much more affordable than outright financing one to begin with.

You make payments on the amount of depreciation the vehicle incurs being in your possession rather than the total value of the vehicle, which makes the payments more budget-friendly. And when the lease is up, you’ll have the option to purchase the vehicle outright and finance the rest of its value or enter into a lease of a brand-new Volvo. Leasing is a great option for buyers who want to always drive the latest and greatest – and with what Volvo continues to deliver, that is truly an appealing prospect.

Buying a Volvo

If you’re looking to buy brand new or pre-owned, financing is the traditional way of purchasing a vehicle. You secure a loan from a financier (Volvo Cars of Worcester has a wide variety of options) and make payments on the loan for a specified period. The shorter your term, the more your payment, but you’re able to call the car yours sooner, which means you can do with it what you will.

Let Us Help!

Volvo Cars of Worcester is here to make sure everyone that wants to can afford their own Volvo. Our expert finance team provides unrivaled support for everyone. Give us a call today to get started!