What's the Difference Between a Loan and Lease?
When you're shopping for a car, you'll have two primary ways of paying for it: a loan or a lease.
With a loan, a lender is giving you money to buy your vehicle outright. With a lease, you're basically signing onto a long-term rental agreement. You get to use the car, but you'll be required to return it when your lease term expires.
Both have their pros and cons. The tricky part is deciding which option fits you (and your budget) best.
The Benefits of a Vehicle Loan
The benefits of a loan are all about long-term savings. If you're the type who likes to buy a new Volvo and enjoy it for years, a loan might be the best option for you.
With a loan, you'll have the freedom to keep and use your car for as long as you want. That can add up to years of payment-free driving if you want it to. And when you're ready to move on to something new? You can use the remaining of your paid-off vehicle to help finance the purchase of your next one.
The Benefits of a Vehicle Lease
With a lease, your savings come upfront. You might not get to keep the vehicle for the long term, but you'll enjoy lower monthly payments throughout the duration of your time with it. If you're a driver on a budget, a lease can be the perfect way to enjoy that new car peace of mind for less.
And to top that off? Many lease offers come packaged with valuable extra benefits. These include everything from expanded warranties to end-of-lease upgrade options that can land you a better deal down the road.
Find the New Volvo That's Right for You
When you visit our dealership, you'll find a selection of new Volvos that would pair perfectly with your affordable loan or lease. These include a variety of luxury cars, SUVs, and wagons.
Our new Volvo inventory includes options like the:
These new models offer everything from top-tier performance options and refined designs to luxury features and more. Contact our sales team today, and we'll tell you more about our current new models.
Fill Out Our Online Finance Application Today to Learn More
Would you like to know more about the loan and lease options available at our dealership? Contact the experts at Volvo Cars of Palo Alto. We work with drivers all over Sunnyvale and Redwood City. We'd love the opportunity to work with you and to help you get into a new Volvo or used car!
Reach out to us with your questions or fill out our online finance application. We also offer an online trade-in form and more! We'd love to get you started on a loan or lease that fits the needs of your budget. Don't hesitate to get started on your new Volvo experience.
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