Should I Get a Volvo Lease or Car Loan?

You've explored new Volvo S60 sedans from Greenwich to Darien, CT, toured your new V90 Cross Country wagon options in Norwalk and sought out a selection of new XC90 SUVs near New Canaan. Perhaps you've even been enticed by a few special offers along the way. Now, you've settled on the new Volvo vehicle you love from our extensive lineup here at Riley Volvo Cars Stamford. Now it's time to drive it home. Financing and leasing options abound to help make it happen, but for some, it can be a lot to process. Not to worry. Whether you're considering an auto loan or signing a new Volvo lease, we're here to help you decide what's right for you. Take a look at the benefits of each option.

What are the advantages of leasing a Volvo?

  • As a lease is a temporary agreement for the short term, usually lasting a few years, you can change vehicles as your needs, drive style, preferences, and taste in features change.
  • Both down and monthly payments can be lower than those on a new car loan.
  • Though lease terms include wear and tear clauses, mileage restrictions, and other requirements, they're highly flexible.

How about the perks of financing with an auto loan?

  • Taking out a loan on a new Volvo car, wagon, or SUV means that, upon completion of all your monthly payments, you own it outright.
  • Though an interest rate, or APR, applies, one can usually be found conducive to your budget. Our Stamford, CT Volvo dealer's finance center will be happy to help with that.Your loan down payment and monthly costs can sometimes be higher than when leasing, but extending a loan's terms is often possible, and means the potential for both a longer repayment period and a lower monthly bottom line.
  • Car loans have no stipulations about wear and tear; there are no restrictions on mileage, and you can make whatever custom modifications to your new Volvo that you see fit.

If you're eager to learn more about our loan and lease process for a new Volvo here in Stamford, you're welcome to get in touch, and should you decide to take the first step on your own, it's a snap. Feel free to shift your finance application process into gear right here on our website. As always, too, if you're still checking out what's available to you, you have an open invitation to visit us here at 107 Myrtle Ave. to peruse all we have to offer. We look forward to helping you step into your next Volvo driver's seat!

Categories: New Inventory, Finance
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