Lease vs Buy

Learn More About Whether Leasing or Buying a Volvo Car or SUV is Right for You

Have you always dreamed of driving a new Volvo XC90, S60, or XC40? We invite our clients to explore their auto finance options. Here at Ira Volvo Cars South Shore, we want our clients to feel their best driving a new Volvo car, and that starts with auto finance. Let's discuss the benefits of leasing and buying to help you narrow down which is the better option for your lifestyle. 

Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • Freedom to switch cars every couple of years
  • Most maintenance is covered by the warranty
  • Generally a lower monthly payment and sales tax
  • Drive a brand-new vehicle with the newest technology
 

The Benefits of Buying

  • Freedom to trade-in or sell as you please
  • No customization or yearly mileage limits
  • Take priding in owning a new Volvo car or SUV
  • Drive the same vehicle for multiple years

Your Leasing & Buying Questions Answered!

If I lease a new Volvo car, am I getting a better deal than purchasing?

Sometimes this seems to be the case, but essentially, it depends on your finance situation. Sometimes drivers get a better deal by purchasing, other times leasing works out in their favor. To know for sure, we recommend visiting with one of our Volvo finance consultants to discuss your options.

What is an APR?

APR stands for annual percentage rate, which is the amount of interest you pay on a car loan.

Can you explain residual values?

A residual value is the estimated amount a car will be worth at the end of the lease. The residual value determines your monthly payment, as well.

How is sales tax applied to a lease?

The sales tax is applied to the amount the car is worth as you drive it, not the entire price of the vehicle.

How should I determine what mileage to include in the lease?

Generally, we recommend 10,000 to 12,000 miles annually. If you drive frequently and think you might need more miles, you can always contact the Ira Volvo Cars South Shore Finance Department to add more miles.

What is the shortest car lease available?

The typical Volvo car lease is 36 months, but we do offer 24-month leases occasionally.

What if I need to end my lease early?

If, for any reason, you need to end your lease contract early, there is a penalty to do so. Please contact our team if you're considering this option.

What happens at the end of my lease?

After we inspect your leased vehicle for wear and tear, you can either purchase the vehicle or start a new lease.

Are You Interested in Leasing & Buying?

To get started, be sure to contact the Volvo financing team. We invite drivers traveling from Rockland, Scituate, Braintree, Marshfield, Quincy, Hingham, and the surrounding areas stop by our Volvo dealership to test drive your favorite models. Everyone at Ira Volvo Cars South Shore looks forward to working with you!
  1. Ira Volvo Cars South Shore

    1030 Hingham Street
    Rockland, MA 02370

    • Sales: 781-996-4886
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Questions For Our Team?

Dealer not responsible for typographical errors. Pictures are for illustration purposes only. All vehicles subject to prior sales. See dealer for details. MSRP may not be price at which vehicle is sold in trade area. All vehicle sales and leases are subject to a $495 dealer documentation fee. Plus tax, title and license. New car MPGs are EPA's estimated city/highway MPGs. Residency restrictions apply. See dealer for copy of limited warranty. Used car MPG claims are based on EPA estimated city and highway ratings when vehicle was new. Consumers actual mileage will vary.