If you're looking to drive the newest models without a long-term financial commitment, a Volvo lease is a great option you'll want to discuss with the experts in our Volvo finance center. Leasing gives you the flexibility to get a new automobile with all the latest features every few years, and it's often less expensive than financing a car.
Look over these FAQs about leasing to learn more. And if you don't see your inquiry on our list, contact or visit Volvo Cars Auburn so we can give you a direct answer.
How Long Does a Volvo Lease Last?
The length of a lease is referred to as its term. Thirty-six (36) months is the average term of a lease agreement, but some contracts are longer, while others are shorter.
What Kinds of Leases Exist?
Leases fall into two broad-based categories: open-end and closed-end. With an open-end or finance lease, you'll have to pay the difference between your vehicle's residual value and its market value at the end of your contract. That can be expensive if your automobile depreciates more than originally expected.
Closed-end leases don't require you to cover that difference, no matter how much your leased car depreciates. Most leases are of the closed-end variety.
Which Volvo Cars Can I Lease?
You can lease any of the new Volvo models in our showroom.
Do I Have to Pay Anything When I Sign a Lease Contract?
When you lease a Volvo vehicle from our Auburn, MA Volvo dealership, you may have to cover certain costs, such as the title fees, capitalized cost reduction, and registration fees. You may also have to make your first lease payment and provide a security deposit and down payment.
Can I Keep My Car When My Contract Expires?
If you lease a car, you may have the option to purchase the car at the end of your agreement. If you don't want to do that, you can purchase or lease another automobile, or you can walk away without a car or any other obligations.
Will I Have to Pay Penalties at the End of My Lease?
Leases require drivers to keep their cars in good condition and limit the number of miles they accrue. If you don't fulfill those obligations, you may have to pay penalties.
Apply for a Volvo Lease at Volvo Cars Auburn
Now that you know some leasing basics, you might be ready to apply for a Volvo lease. We invite you to apply for Volvo financing through our finance center today.
