A typical 36-month lease on a new Volvo at Riley Volvo Cars will usually give you lower monthly payments than you'd get with a loan. You aren't building ownership, but your monthly cash flow is better. When your lease ends, you don't have to think about selling the Volvo you've been leasing because you don't own it. Instead, you can just drop off the car at Riley Volvo Cars, move into a new lease and drive back to New Canaan CT.

Lease parameters to keep in mind

A lease works well for people who drive a moderate number of miles per year, like less than 12,000 miles. The reason: Your lease agreement will include an annual "cap," or limit on the number of miles you drive each year. Exceed that limit and you'll have to pay a fee. You should also remember that leasing is like renting: You don't own a part of the car, even at the end of your lease, so you don't have a cash stake you can use toward your next car.

Good options at the end of your lease

One choice at the end of your lease term is to stop leasing and start buying that Volvo. It's like buying a great used car you're intimately familiar with. You know the car has been well-maintained because you've done it as part of your lease agreement. The most common option is to simply start a new lease and drive another new Volvo. A third option is to step away from leasing completely and buy a Volvo that's brand-new.