Volvo Financing Tips: Loans vs. Leases

When it comes to the Volvo financing journey, you have two main options to pick from: loans and leases. Determining the right option for your needs may seem difficult at first, but our team at Volvo Cars Gilbert is here to help every step of the way.  Learn about your financing options, and pick out the right vehicle at the right price, when you visit our dealership.

Leases at a Glance

There are many benefits to leasing a vehicle, especially if you like having access to the latest vehicles on the market. Most vehicle leases last two to five years, which means you’ll always be able to upgrade for the next exciting model. When you lease, you’ll also be able to save money, as leases have lower down payments – if there is a down payment at all. They also typically have lower monthly payments and in-between costs. When the time comes for a new model, all you have to do is visit our dealership to trade-in, which means no worrying about finding a buyer.

Loans at a Glance

A loan is a good choice if you like having more control over your vehicle. Unlike with leases, there are no restrictions on the type of driving you do, the number of miles you put on your vehicle, or how you decide to customize it. Loans also differ from leases in that you don’t need to have a perfect credit score to qualify for one, as you often might with a lease. With a loan, when you want to trade up for a new vehicle, you’ll be able to sell your current model and have capital for the next ride.

Begin the Volvo Financing Process in Gilbert, AZ

The more you know about vehicle financing, the more confident you’ll be when the time comes to pick out the next great model. At Volvo Cars Gilbert, tools like our online finance application and vehicle trade-in value estimator make it easy. Visit our dealership to get started.