If you are thinking of getting a new Volvo, you can either buy it or lease it from a dealership near Arlington Heights. There are certain advantages to both options. However, if you are looking into Volvo leases, there are a few things you should know:
Leases are Generally More Affordable Per Month
Volvo’s are luxury vehicles, and the price reflects this. So, for some buyers, making a monthly payment for a Volvo might be stretching the budget a bit. Fortunately, when you choose to lease instead of buy, the monthly cost is significantly lower. Now, you won’t be able to eventually own the car with a lease, but you can still use it for several years before you have to turn it back in.
You are Limited on Your Miles
Another thing that you should consider when choosing to lease over buy a new Volvo is the miles that you drive. When you sign a lease agreement, you are saying that you will only drive the car a certain number of miles each year. In many cases, it’s 10,000 miles a year, but sometimes you can go to 12,000 or even 15,000 miles. If you go over that amount, you must pay at the end of the lease.
You Get a Brand New Car Every Few Years
Finally, when you choose to lease, you can get a brand new, state of the art vehicle every few years. All you have to do is roll from one lease to another. After paying off a lease for, say, three years, you can start a new one with a brand new Volvo. If you buy, this is usually not the case.
If looking for Volvo leases, contact McGrath Volvo Cars Barrington near Arlington Heights. You can see inventory online at https://www.mcgrathvolvocars.com. Like us on our facebook page.