Once you've found the Volvo you love, there's one more decision to make: should you buy it or lease it? Both paths can put you behind the wheel of a new Volvo, but they work very differently. At Volvo Cars Manasquan in Manasquan, NJ, our finance team helps drivers weigh these options every day. Here's a simple breakdown to help you decide.
How Buying Works
When you buy, you pay for the full value of the vehicle. You can do this either upfront or through a loan. Once the loan is paid off, the Volvo is yours. You can keep it for years, sell it, or trade it in whenever you choose. Explore your Volvo financing options to see what a loan might look like for you.
How Leasing Works
A lease lets you drive a new Volvo for a set term, often around three years. Your payments cover the expected loss in value during that time, not the full price. At the end of the lease, you can return it, buy it, or move into a newer model. Visit our Volvo lease center to learn more.
The Benefits of Buying
- You build equity with every payment
- There are no mileage limits
- You're free to customize your vehicle
- No payments once your loan is paid off
Buying is often a smart fit for drivers with long commutes down the Garden State Parkway. Volvo Cars Manasquan, serving Toms River, works with many buyers who plan to keep their Volvo for the long haul.
The Benefits of Leasing
- Lower monthly payments in many cases
- A new Volvo with the latest safety and technology every few years
- Most repairs covered by the factory warranty during the lease
- An easy transition at the end of the term
Our team, serving Lakewood, often recommends leasing to drivers who enjoy having the newest model.
Questions to Ask Yourself
- How many miles do you drive each year?
- How long do you usually keep a vehicle?
- Is a lower monthly payment or long-term ownership more important to you?
Your answers will point you in the right direction. Volvo Cars Manasquan, serving Brick, NJ, is happy to talk through your options.
Get Started at Volvo Cars Manasquan
Start shopping now with Volvo Cars Manasquan. Browse our new Volvo inventory, then complete our online finance application to speed up your visit. Our finance team will help you choose the path that fits your budget and lifestyle.
​