What are the Benefits of Leasing vs. Purchasing?

If you’re not sure whether to lease or purchase a new Volvo vehicle in the Dublin and Columbus area, it’s important to know the pros and cons of both sides. Taking a new Volvo vehicle home from our Dublin, OH dealership is a big deal, and our finance professionals want you to feel confident and happy with your new vehicle. We want to find the easiest path to Volvo ownership or leasing for our New Albany area customers.

Is Leasing Right for You?

Leasing may be right for your lifestyle if:

  • You drive between 8,000 and 10,000 miles per year. Since leases have mileage limits, you can’t drive more than the miles you’re allotted during your leasing period. If you have naturally low mileage, leasing instead of purchasing would be a helpful move.
  • You like flexibility in what you drive. If you prefer to drive the newest models and like new technology features, then a lease might be right for you. With short lease periods, it’s easy to switch out your model to a newer one at the end of your lease period.
  • You want lower monthly payments.If you’re looking for lower monthly payments and less worries about your vehicle’s depreciating value, a lease would be a great option. Monthly payments are lower than purchasing, and there’s no worry about selling or trading in when you want to upgrade your ride.

Purchasing might be right for you if:

  • You want no restrictions. If you want no restrictions on mileage and customization, then purchasing is right for you. It’s your car, so you get to decide how to use it.
  • You want to drive the same car for longer. Volvo cars are built to last for years, so if you don’t worry about always having the newest vehicle, purchasing is right. You can pay off your vehicle and keep it for years to come.

Visit MAG Volvo Cars of Dublin to Learn More!

We encourage you to visit our dealership in Dublin, OH to speak to the professionals at our finance center. We can discuss loans, leases and more with ease and transparency.

We look forward to working with you soon!

Categories: New Inventory, Finance
; ;