VOLVO LEASE OPTIONS
Volvo Lease Offers in Roanoke, VA
If you're in Roanoke, VA, look no further than Berglund Volvo of Roanoke for your Volvo needs. Whether you're new to leasing or have considered it before, leasing is one way to experience the exceptional quality of these vehicles. By leasing a Volvo from our dealership, you can avoid hefty down payments and benefit from more flexible financing options, all while enjoying lower maintenance costs and monthly payments. Why not connect with our sales team today to learn more?
Should You Lease Your Next Vehicle?
Leasing a car is akin to renting an apartment. You'll pay some upfront fees and monthly payments to drive the vehicle, but you won't own it. Each lease agreement comes with specific terms and conditions. At the end of the lease period, you simply return the vehicle to the leasing company. This arrangement offers several advantages that can make leasing a smarter choice for you.
- Lower Monthly Payments: Leasing typically results in lower monthly payments than financing a purchase. When you finance a vehicle, you pay off the entire purchase price over time, including interest. In contrast, lease payments are based on the vehicle's depreciation during the lease term, plus rent and taxes. By only covering the depreciation, your monthly payments are often significantly reduced. This allows you to upgrade to a more luxurious model or spend less each month.
- Minimal Upfront Cash Required: Purchasing a car demands a down payment of up to 20 percent. On the other hand, leases usually require little or no upfront payment. At signing, you only need to cover the first month's payment plus taxes, title, registration, and possibly an acquisition fee. These are generally less than what you would pay when buying a car.
- Lower Repair Costs: Most leases have a manufacturer's warranty, which typically includes bumper-to-bumper coverage. Additionally, some maintenance costs are part of the lease agreement. Be sure to review your lease carefully to understand what's covered and avoid unexpected repair expenses.
- Hassle-free Return Process: With a closed-end lease, at the end of your term, you simply return the vehicle and move on to your next ride with no stress involved. You won't have to deal with the resale process. Any concerns about the vehicle's residual value rest with the leasing company. However, be mindful of potential charges for excessive wear or mileage.
- Drive Newer Cars Every Few Years: Leases typically last 24 to 48 months, allowing you to enjoy the latest technology and safety features without the hassle of buying or selling a vehicle. When your lease ends, you can return your current car to our dealership, select your new vehicle, and sign another lease.
- Greater Variety of Choices: If you have your eye on a dream car but are hesitant about financing it outright, leasing might be the perfect solution. Leasing often offers lower monthly payments for higher-end models or premium trim packages, giving you more options to find a vehicle that fits your style.
- Option to Purchase at Lease End: Many leases include an option to buy the car at a predetermined price once your term concludes. If you love the vehicle and the price is appealing, you can make the purchase. If the buyout price is higher than the vehicle's worth, you can simply walk away after enjoying the car for a few years.
Before you sign a lease contract, consider the following important points:
- If you choose to terminate the contract early, be ready to pay a termination fee.
- Exceeding your agreed mileage for the year will result in additional charges for excess mileage.
- At the end of your contract, you will be responsible for any damages to the vehicle, except for normal wear and tear.
With numerous financing options, choosing the best way to finance your vehicle can feel overwhelming. Generally, many consider purchasing a car more advantageous in the end. However, there are instances where leasing may be the more practical option.
Buy or Lease from Berglund Volvo of Roanoke
At Berglund Volvo of Roanoke, we want to make your leasing or financing experience seamless and budget-friendly. We understand that acquiring a new vehicle can feel overwhelming, but our finance team is here to simplify the process. Contact us today or visit us in Roanoke, VA, to discover how much you could save with a Volvo lease.