Buying vs. Leasing
There are many different opinions when it comes to buying vs. leasing a vehicle. Regardless of where you stand, Howard Orloff Volvo Cars has experts ready to help answer your questions so that you can shop confidently. Knowledge is power. Let us help empower you to make the right choice every time you shop.
Benefits of Buying
From a financing perspective, buying a vehicle is the most straightforward approach one can take. You take a loan for the purchase price of your vehicle, then pay back that loan over time. When the loan is paid off, you own your vehicle.
People enjoy buying their vehicle because of the freedom it offers. It allows you to travel with peace of mind, knowing you're not beholden to mileage caps. Also, you're free to customize or modify your vehicle to fit your aesthetics without worrying about paying a disposition fee. For those that love the idea of paying to own, this may be the choice for you.
Benefits of Leasing
Leasing vehicles has skyrocketed in popularity. And with good reason. Leasing a vehicle opens the door for many buyers to more easily afford an upgraded model of their preferred vehicle. This is made possible by the fact that leasing typically offers lower monthly payments than the alternative.
In addition to the great savings you'll enjoy, leasing helps you engage in the most current automotive innovations. After your lease term ends, one of the options you have is to lease a new vehicle, letting you enjoy an upgraded ride every few years. Even if you don't wish to upgrade, leasing grants a variety of options when your lease term ends, giving you the power to choose your driving destiny.
