Should I Lease Or Loan My New Volvo Vehicle?

Once you've located the perfect new Volvo model, whether that be the Volvo XC60, XC90, V60, or others, you'll have to decide whether or not you want to lease or loan. While both options are viable, they do each come with their own sets of pros and cons. Here's a closer look at each option.

  • Leasing
    • Description: You receive a brand-new vehicle for a set payment a month until your lease is up.
    • Pros: Lower monthly payment, latest technological features, warranty coverage, easy trade-in, less or no down payment, and less money spent on taxes/insurance.
    • Cons: You don't own the vehicle, mileage limits, no customization, no trade-in value for your next vehicle, end of lease fees, use restrictions.
  • Auto Loans with Volvo
    • Description: You purchase your vehicle with a loan from a lender and it's yours until you either trade it in or resell it.
    • Pros: You own the vehicle, unlimited mileage, customization is available, trade-in value for your next new car, no more payments once the loan is paid in full, loan refinance is a possibility, sell your vehicle whenever you want.
    • Cons: Requires a down payment, more expensive monthly payments at first, more money spent on sales tax and insurance, warranty will fade and you'll need to cover your own repairs, wavering resale value.

Discuss Your Leasing And Loaning Options With Our Auto Financing Experts

If you're still on the fence about which financial option you should choose, feel free to stop by our finance department here at Kline Volvo Cars Of Maplewood. Our financial experts would love to go in more detail about each pro and con and can match you with the lease or loan you need.

We are located in Maplewood MN, which is right outside of Saint Paul, Minneapolis, Bloomington, Edina, Golden Valley, and beyond, and we'd love to help you decide how you'd like to bring your new Volvo vehicle back home today!

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Volvo Leases And Loans Available At Kline Volvo Cars Of Maplewood


Leasing and loaning are both viable car financing options that include their own set of benefits and deterrents. Whether you've found the perfect new Volvo vehicle or you're still looking for the best possible match, you may want to consider which financial option would be best for you.


Lease A New Volvo Car Or SUV


Leasing is a short-term commitment that many of our Saint Paul, Minneapolis, and beyond drivers choose for their new Volvo vehicle purchase. You can discuss the lease terms with one of our Kline staff and create a lease that fits your budget, timeline, and preferences. Most leases tend to have less expensive upfront costs and are covered by warranties for the length of the lease. There are some limits set in place, all of which can be discussed prior to signing.


Loan A New Volvo Car Or SUV


Loaning, or financing, is a long-term commitment that's perfect for Edina and Golden Valley area drivers who love to own their vehicle. Upfront costs tend to be more expensive than leasing, but, as you pay off your loan, you'll find the freedom that comes with owning your vehicle. The terms of the loan can be discussed with our team as well, with adjustments made for any down payment, trade-in, or special financing available.


Complete Your Volvo Car Financing At Your Own Pace


If you'd prefer to handle your own car financing, don't hesitate to use our online finance tools. These easy and secure tools allow you to find and purchase the Volvo vehicle of your dreams completely online. Of course, our team is always available to help and would love to answer your questions over the phone, online chat, or text.