Leasing vs Financing a New Volvo in Chicago
We at Volvo Cars Orland Park want to help you drive the Volvo you love, which is why we offer our Tinley Park area car buyers favorable Volvo loan and lease deals. Browse our selection of Volvo models at our Homer Glen area location and apply for financing.
Finance vs Lease
Whether you lease or finance a Volvo depends on your lifestyle, such as how many miles you drive. If you don't drive many miles or travel frequently, it may be beneficial to lease a vehicle.
A lease means renting the vehicle for a certain time, which could run up to 60 months. A benefit of leasing is you can give it back to the dealer, so you don't have the hassle of selling it. You can try a newer vehicle every few years with lower monthly costs than buying one new.
If you want control over the vehicle and have a long commute in Orland Park, consider financing. Financing connects you with a lender, and you apply for a lump sum to borrow and pay back over time.
The benefits of financing are no mileage restrictions, and you can sell or trade the vehicle at the end of the term. You don't have to wait and pay cash, which means more money in your pocket every month.
Value Your Trade
If you're planning to trade your vehicle in Joliet, there are several tools online to help determine value. Various factors can influence the vehicle's value, such as age, mileage, year, model, demand, and condition.
Maintenance records are more likely to get you a higher price, so ensure you keep all vehicle service records. Your vehicle's manual should have a schedule of recommended services, but this could be more frequent based on your driving habits. You often get a higher offer on newer vehicles with modern equipment, such as backup cameras.