When it comes to luxury, safe technology, and quality, Volvo cars are on top of the list. But are they good to lease?
Volvo cars are good cars to lease because they are safe and meet most requirements a car should have. Whether you’re getting a sedan, SUV, or other Volvo in their lineup, there are good leasing options, depending on what your needs are.
Leasing a Volvo is a good option because it is more affordable upfront with no unexpected bills, it allows you to regularly change what car model you drive, it’s flexible to suit your needs, and it lets you test a car out for a shorter period without committing to buying it.
What makes Volvo a good car to lease
Volvo is a brand that focuses on safety and beauty. There are also large cargo models with many seats, and high-performance models as well. Depending on your needs, there’s a car for you. So, why lease your Volvo?
Leasing gives you a variety of car options
Volvo releases new cars every year. Each new car has a more sophisticated look, better fuel economy, quality amenities, luxuriousness, and exceptional designs. So, you have a wide range of options to choose from. With leasing, you can access Volvo’s newly built cars regularly.
For example, if you drive Volvo S60 during your first lease period, you can opt for XC90 in the next lease period. This way, you don’t have to get stuck with an old model. In other words, you have the opportunity of getting a car that suits your present needs.
When buying a car, people usually hold onto it for a longer period of time. So, if you know you like variety and will want to switch things up fairly often, leasing can actually be a more affordable option.
Leasing is affordable and cost effective
When leasing a Volvo car, you do not have to pay for the cost of the car or other car expenses. Instead, you pay only the difference between the actual car price and the current car price. What does that really mean?
Say a dealer bought a Volvo car at $60,000, then leases it to you. By the end of the lease period, it will have depreciated to $50,000. All you’ll have to pay is the lease fee of $10,000 divided over the months throughout the leasing period.
The upfront cost and monthly payment of leasing a car are usually low. This is true, especially if you compare leasing to buying a new Volvo. If you don’t have the cash upfront to buy a car and end up taking out an expensive car loan, leasing can be a more affordable option.
Sometimes leasing companies can even deduct your lease fee from your salary monthly. This is a great way to easily meet your monthly payments.
No worries about maintenance or repair costs
The leasing company usually takes care of maintenance the minute you lease a car. Say you leased a Volvo, and the car has passed Volvo’s warranty period. The leasing company takes over from there. This way, you won’t have to spend money on regular car maintenance or have any unexpected repair bills.
In cases where the contract states the company bears all burdens, including a crash, you won’t have to spend a dime. If you get in an accident, the company bears the repair cost. Just ensure this is stated in the agreement you signed.
Easy return policy
At the end of each lease period, you don’t have to go through any rigorous process to return the car. It’s much less complicated than trying to sell a second-hand car. Simply take your car back to the lease company. An expert will perform a check on the car to check for damages. If everything looks good, you can take a walk.
Flexible lease plans to fit your needs
Most Volvo dealers have a flexible lease plan. You can choose your desired mileage and your upfront cost and monthly payment. There are 24 to 36 months lease options. Mileage can also range from 5000 to 15,000 miles per year. Simply pick the one that is convenient for you.
A means of test-running a car
If you have ever wished to own a Volvo car, leasing is a means of testing to see how the car performs. So, if you decide to buy the vehicle at the end of the lease period, you already know the quality of what you’re paying for.
Leasing or buying a Volvo, which is better?
Both choices come with their pros and cons. Which is better depends on what you want. Leasing is cost-effective. You only pay the difference between the actual cost and depreciation and not the cost of the entire car. Plus, upfront and monthly payments are usually small compared to buying.
You can do whatever you want with your car when you buy it. But leasing comes with rules you must follow. For example, if you cover more than the agreed mileage, usually between 5,000 to 15,000, you will have to pay for the extra mile covered.
Leasing allows you to access the latest Volvo cars. For example, you can lease a sedan now and lease the newest SUV another lease time. But when you buy, you’re stuck with a particular model until you decide to sell it. If you buy a car, you have to worry about depreciation issues.
How much does it cost to lease a Volvo?
The cost to lease a Volvo depends mainly on the model and many other factors. Cars are leased based on the cost of the Volvo car, which is usually stated in the lease agreement. The higher the model, the higher the cost. For example, the price to rent an S60 will differ from that of XC90 excellence.
Which Volvo model is best to lease?
The Volvo to lease depends on what you need it for. If you drive frequently, you may want to check out the S60 sedan. In need of a car that can accommodate, say, five passengers? Your best shot is either the electric or the gas-powered S60.
If you need more cargo room, you may want to check the Volvo S90. If you fancy off-road traveling, then you should probably lease the wagon V60; it’s a beast on tough terrains.
SUVs are spacious and, therefore, a great car option for moving large families and belongings. The Volvo XC90 is an excellent choice for a larger number of passengers. You can opt for it if you have to move up to six passengers.
Is it possible to end a lease early?
You can end a lease before the end of the lease period, but you will have to pay a particular amount for breaching the agreement. The amount is usually stated in the contract you signed. That is why you must carefully read through and understand a lease agreement before signing.
Can I buy a leased car?
You can often buy the exact car you leased. All you need to do is inform the dealer about your decision. Some checks are carried out and necessary documents signed. And the car becomes yours. Also, if you decide to buy a model different from the one you leased, it’s still possible.