Are you a Billings-area car shopper in the market for an exciting new Volvo sedan, SUV, or wagon? One of the first questions you'll need to ask yourself is "Should I buy or lease?" Weighing the benefits of each is important, but the final decision will ultimately come down to what you want and what you can afford. This lease vs. buying guide from the finance team at Underriner Volvo will help you decide which option is the best fit for your needs. 

Benefits of Buying

  • No Mileage Restrictions: A leased vehicle comes with strict mileage limits, so if you expect to be doing a lot of driving in and around Park City, buying a vehicle may be the better choice. 
  • Total Ownership: When you buy a vehicle, it's yours to do with as you please. There are no restrictions on how it's upgraded, modified, decorated, etc. You can also opt to sell the vehicle whenever you wish.
  • Financing Options: The car financing process is often more straightforward, and generally open to those with a less-than-stellar credit score. You'll also have the option to refinance your loan to lower your interest rate and monthly payments.
  • Less Cost Over Time: While you may pay more upfront when buying a car, the vehicle actually becomes less expensive to own the longer you have it.

Benefits of Leasing

  • Lower Payments: Your down payment and ongoing monthly payments will be much lower when you lease a car.
  • Less Sales Tax: In most states, you only have to pay tax on the down payment and for the monthly payments.
  • Trade-Ins: When the lease agreement ends, you have the option of upgrading to the newest model. All you have to do is stop by your local Huntley-area dealership, pay any remaining fees, and drive away in a vehicle equipped with the most up-to-date amenities and tech features.
  • Warranty Coverage: Your lease agreement includes warranty coverage for all vehicle maintenance, as long as you don't go over the mileage limit.

Explore Your Leasing & Financing Options at Underriner Volvo

Choosing whether to buy or lease is an important decision for car shoppers in Shepherd and Laurel, and the finance specialists at Underriner Volvo are here to help. In addition to explaining the differences between buying vs. leasing, we can also fill you in our current offers and incentives, our Volvo college graduate program, and whether you should add GAP insurance to your coverage. We can also help if you are looking into refinancing your car loan or are planning on trading in a financed car. For your convenience, you can apply for financing with us online and get pre-approved form the comfort of your home or office. If you have any questions or would like more information, please don't hesitate to contact us.