Buying vs. Leasing Your Next Volvo

So, you’re a Myrtle Beach or Conway SC driver who has made the wise decision to go with a Volvo for your next luxury car. Congratulations! The robust engine power and Scandinavian design will impress you from day one and constantly deliver. Now, you need to ask yourself whether you want to buy or lease. It's a more complicated question than you might think as there are advantages to both sides.

When considering your options, it's important to understand what your needs are and to project how you will feel in the years to come. At a base level, it's easiest to think of buying as the long-term solution and leasing as the short-term solution.

Why Buy a Volvo?

It may sound overly simple, but one of the biggest differences in buying when compared to leasing is that the car belongs to you in full. That means you can keep it as long as you want, customize it the way you want (though you might want to be careful about voiding your warranty), and you have no limits on how you drive it.

Monthly payments when it comes to financing a Volvo near Pawleys Island are typically higher than they are leasing since you are paying money towards the entire purchase price. You have no restrictions on selling or trading in the vehicle, and anything you do make can be redirected to pay off any remaining loan balance.

And, of course, once you pay off the car in full, you have no monthly payments of any kind. This frees up your budget to pursue anything else you've had your eye on or commit more to your savings. Either way, a car that's been fully paid off is a valuable asset.

Why Lease a Volvo?

Leasing is a great way to experience the latest and greatest in the Volvo lineup, all while having a single affordable monthly payment. Your monthly payments are a lot lower as you are only paying for the depreciation during your term.

You don't own your leased Volvo in the same way as those who finance, as it is very similar to renting. However, once your lease term ends, the process for returning the vehicle is made very easy. All you have to do is drop off the keys, sign some paperwork, pay off any remaining costs, and be on your way. At Beach Volvo, we make it easy to jump right into a new Volvo lease near Shallotte NC on one of the latest models.

If you have any questions about financing or leasing a Volvo, we encourage you to contact us with questions today.

Categories: New Inventory, Finance
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