Should You Lease or Buy Your New Volvo?

Volvo at Star Motor Cars in Central Houston is Here to Help

When it comes time to bring home a new Volvo from Star Motor Cars inside the loop in Houston, you’ll have plenty of choices to make. You’ll have to choose an engine, a trim level, even decide whether you want a luxury sedan, a versatile wagon, or a capable luxury SUV. But the biggest decision you might make is how you plan to pay for your new Volvo once you’ve chosen it. Both leasing and financing a loan come with their own set of pros and cons, and we’re here to help our Houston Volvo buyers decide which option is best, depending on a number of factors.

Pros and Cons of Leasing a New Volvo near Houston

If you plan on leasing a new Volvo, here are some pros and cons to keep in mind before you make your final decision.

Pros
  • Shorter terms, often just two or three years, so you can always keep up with the latest models
  • Lower monthly payments
  • Hassle-free maintenance
  • Warranty for the duration of the lease
Cons
  • Mileage limits
  • Negotiating a buyout at the end of the lease term
  • No customization or modification allowed
  • Paying a penalty for excessive wear and tear

Pros and Cons of Financing Your New Volvo

Financing a loan to bring home your new Volvo also has its own positives and negatives.

Pros to Financing a New Volvo
  • You’ll own the vehicle outright when you’re done paying
  • No mileage limits; drive as much as you want!
  • Well-qualified buyers have zero-down payment options
Cons to Financing a New Volvo
  • Likely making a car payment for 5 to 6 years
  • Warranty may expire before the end of the term
  • Higher monthly payments

Let Our Finance Experts Help You!

If you’re still not sure whether buying or leasing a new Volvo is right for you, our financing experts can help you decide! Visit our Volvo dealership near Washington Ave in Houston and get started on bringing home your new Volvo today!

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