Should You Finance or Lease Your New Volvo?

Explore the differences between financing and leasing to determine what works best for you.


Volvo Cars West County Can Help You Decide if a Loan or Lease is Right for You

When you start shopping for a luxury car, you might be surprised to discover that deciding on a car is only the first big decision you'll have to make. Once you've picked a car, you'll have to decide how you want to pay for it.

Finding the right payment method can be just as important as finding the right vehicle.

Luckily, for customers in St. Louis and Chesterfield, the team at Volvo Cars West County can help. Our Manchester, MO experts can fill you in on the latest option and help you decide if a loan or a lease would be better suited to your specific vehicle needs.

What's the Difference Between Financing and Leasing?

"What's the difference?" is one of the most common questions we receive from our St. Peters customers. With traditional financing, you're taking out a loan to buy your vehicle outright. You own the car, and it's yours for the long haul!

Leasing works more like a long-term rental agreement. You're not paying for the vehicle itself. You're paying for the right to use it.

Understanding the Benefits of Leasing

Lease agreements are all about up-front value. They require less money down than most loans and are designed to deliver lower monthly payments that can be more accessible for a wider swathe of drivers. If you're a St. Louis driver who wants to pay less now while still enjoying the benefits of a new car, a lease can make it happen.

Lease offers do come with some caveats, however. Leasing is generally restricted to new vehicles, and you're expected to return the car at the end of your lease term. You'll also be expected to follow certain restrictions. Most lease offers commonly come with annual mileage caps. Balancing things out, though, many leases are also packaged with valuable warranties that can bolster their worth and help you save.


Understanding the Benefits of a Loan

Are you the sort of person who always has an eye for the future? Do long-term savings appeal to you? Are you looking for a vehicle that you intend to drive for years? If so, then financing with a loan might be right for you.

Vehicle loans tend to require a bigger upfront down payment and come with bigger monthly payments. That being said, the car's yours, and you can keep it for as long as you want once the loan's paid off. For the patient customer, that can add up to years of payment-free driving.

Apply for Financing Online at Volvo Cars West County

Which option sounds right for you? Would you rather enjoy the long-term savings of a loan or the "right now" benefits of a lease? The finance team at our Manchester, MO dealership would be happy to answer any further questions you have. We work with drivers of all sorts, and we firmly believe that understanding is key to our customer's satisfaction.

And if you're ready to get started with your new loan or lease? You can do it from the comfort of your own home! Our dealership offers an online finance application you can use to get the process started in minutes. All you'll need to do is fill in the blanks and submit! Our expert finance team will handle the rest.

For all your Volvo financing needs and more, don't hesitate to give us a call or click today! You'll find our team of friendly Volvo experts ready and waiting with answers and options.

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