Car LEASING AND BUYING PROS & CONS

 

Leasing vs Buying Your Volvo

When you're shopping for a new car, it's important to know how you plan to pay for it: do you plan to buy or lease? Each option has its pros and cons, depending on a few factors, such as how long you plan on driving it, how far, and your budget. While neither option is strictly better than the other, each one is right for a different kind of driver. Here is a quick rundown of the differences between the two options:

Leasing a Car

  • Leasing has you pay for the vehicle's projected value depreciation over the lease period, which means it has a lower down payment and lower monthly payments than buying. Leasing lets everyone enjoy top-of-the-line Volvo models.
  • One potential downside of leasing is yearly mile limits. Leased vehicles have a set yearly mile limit, typically ranging from 10,000 to 15,000 miles, although higher ranges are often available. You need to pay for every mile you go over the limit. While you're unlikely to hit the limit through regular everyday driving, it does mean that cross-country road trips are off the table.
  • The lease period is almost covered by the vehicle's warranty, so you have extra peace of mind on the go
  • Once the lease ends, you simply return the vehicle to the dealership. You don't need to worry about selling it or trading it in.
  • Leasing lets you always drive the newest models with the latest features.

Buying a Car 

  • When you buy a Volvo, you can drive it as much as you want, even before it is fully paid off.
  • You can use your bought Volvo as a trade-in for your next model
  • Once you fully pay off the car, it's yours. If you plan on driving your Volvo for many years to come, buying is a better choice.
  • If you buy your Volvo, you can customize it as you see fit
  • If your leased car undergoes excess wear and tear, you can be charged extra when you return it. This is not the case if you buy a car.

If you have any more questions about the pros and cons of buying and leasing, we have plenty of answers here at Bergeron Volvo in the New Orleans area of Louisianna. Give us a call today at (888) 419-4012 to get in touch, or come ask us in person here in Metairie, LA. We can't wait to help you out.

Hours

  • Monday 09:00 AM - 07:00 PM
  • Tuesday 09:00 AM - 07:00 PM
  • Wednesday 09:00 AM - 07:00 PM
  • Thursday 09:00 AM - 07:00 PM
  • Friday 09:00 AM - 07:00 PM
  • Saturday 09:00 AM - 06:00 PM
  • Sunday Closed

Contact

Bergeron Volvo

3541 Veterans Boulevard
Directions Metairie, LA 70002

  • Sales: 5042935283
  • Service Center: (504) 293-5236
  • Parts: (504) 888-2133
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