Options for Every Driver: Exploring Car Leasing
When it comes to car ownership, both leasing and buying offer distinct advantages tailored to different lifestyles. Leasing, in particular, appeals to those driving between 8,000 and 12,000 miles annually or seeking the flexibility to upgrade their vehicle every three years, all while enjoying lower monthly payments. Today, we focus on the leasing option and the choices available to you post-lease.
Lease a Brand-New Volvo
Leasing a brand-new Volvo remains a popular choice, precisely because it allows you to consistently experience the joy of driving the latest models without the long-term commitment. Opting for new leases is also a straightforward and convenient process.
Purchase Your Current Volvo
One notable advantage of leasing a Volvo is the opportunity to buy the vehicle at a reduced rate once your lease term concludes. After spending a few years behind the wheel, you gain a thorough understanding of whether you wish to continue driving the same car. If you decide to keep it, purchasing the vehicle post-lease proves to be an excellent option!
Acquire a New Volvo
Perhaps you've reached a point where you desire car ownership and have the means to afford higher monthly payments. If you're still keen on upgrading your vehicle while committing to a longer-term arrangement, buying a new Volvo might be the perfect fit for you!
Extend Your Lease
In situations where you've already purchased a new Volvo but need to wait a few months for the car to become available, extending your lease provides a viable option during the interim period. Do note that certain fees may be associated with this extension.
Lease Pull Ahead Program
Conversely, you might find yourself wishing to conclude your lease ahead of schedule. Fortunately, Volvo offers a Lease Pull Ahead Program of up to six months. This program enables those who leased a Volvo with Volvo Car Financial Services (VCFS) to terminate their lease early and upgrade to a new vehicle. Through this program, VCFS will waive up to six months of lease payments and the vehicle turn-in fee. For more detailed information about this program, please refer to the provided resources.
As the end of your Volvo lease approaches, you have various options to consider, each offering its own merits. The choice ultimately depends on your individual preferences as a driver. We hope to have provided some clarity regarding the available options. At Gengras Volvo North Haven, we take pride in guiding our customers through the car leasing process and assisting them every step of the way. Please don't hesitate to reach out to us if you have any questions or require further assistance.