Buying vs. Leasing

Buying vs. Leasing: Which is Right for You?

Leasing a New Volvo near Encinitas, CA

What is a lease? A lease is essentially a long term rental with some stipulations. While you have the car, the dealership owns it and maintains it. This means you have limitations on how many miles you can drive annually (typically 12,000 as a standard number), among other things.

For those couple of items in exchange, there are some great benefits. First of all, you benefit from not having to take out debt to purchase the vehicle. Many people don't want to carry additional liability and have to use credit for their vehicle purchase. For those individuals, a lease is a fantastic option because they get all the perks of ownership without the debt.

Another benefit is lower overall costs. There is no significant down payment upfront, meaning you can save money immediately. Additionally, the monthly fees are generally smaller than if you were to buy it outright. This means you save money every month you are leasing the vehicle.

Another benefit is lower overall costs. There is no significant down payment upfront, meaning you can save money immediately. Additionally, the monthly fees are generally smaller than if you were to buy it outright. This means you save money every month you are leasing the vehicle.

In addition to saving money on the monthly costs and the down payment, you will be saving on maintenance fees. The car is maintained under warranty during the lease period, meaning you won't have as many maintenance charges in comparison to if you owned it.

In the end, if you feel like you want to keep the car, you still have the option of buying it once the lease period is over, giving you the flexibility to purchase it if you want!

Getting a Loan for Your New Volvo

Another excellent option is taking a loan to purchase a new Volvo for you and your family in Vista, CA. While leasing has its benefits, so does owning the car as well!

You will incur debt when taking out a loan, but you get the perks of genuinely owning the car. This means you have complete control over the vehicle. If you decide to rent it out through a rental service or if you refuse to take it to get fixed after your child scrapes it with their bicycle, you have those options. The car is yours meaning you have control of what happens to it.

Additionally, taking out a loan for a car can be just as cheap if you have excellent credit. If your credit is excellent, there are even options for 0% financing, meaning you are paying the car down the same as cash, just over a several-year period. If you don't have stellar credit, you can still find great deals, and the car loan may help you establish credit over time.

When you buy a car at Carlsbad Volvo you'll also have access to our current new Volvo specials on both new and used inventory!

Find Your Perfect Volvo near Del Mar, CA

Whichever you feel is the right choice, we want to help you make a decision that gets you excited! That's why we here at Carlsbad Volvo have compiled a list of information on leasing and loans so you can be informed before you start the process.

We want to make the journey of buying your new Volvo as stress-free as possible. Take a look at our information and maybe peruse the FAQs to make sure you have all the information you need to make this decision. When you're ready, we're here to help you get settled into your brand new Volvo today!