First the question; is it better to buy or to lease a new Volvo in Arlington Heights. Now the answer; it depends on you, your preferences and your lifestyle.
Many businesses lease cars for their executives and sales people, leasing gives them access to a high-spec luxury car for less money and as they are used for business purposes, there are also tax considerations to take into account.
Then there are those that simply want to drive a new car every two or three years and not be burdened with any repair costs should there be a major problem.
Then again, there are many people that want to own their car, there is no desire on their part to change out every few years in an effort to keep up with anybody nor do they use the vehicle for business purposes. Let’s look at the pros and cons of the two ways to drive away in a new Volvo in Arlington Heights.
Leasing advantage:
In many cases the monthly payment is less on a lease car and the down payment requirements are minimal. With a three year lease the car is always under warranty, you simply take it back to the dealer and lease another new car.
Leasing disadvantage:
You don’t own the car at the end of the lease period. Most leases limit the number of miles that can be driven annually and you must return the car in excellent condition.
Advantages of buying:
When you buy a new Volvo in Arlington Heights it is yours, you can do anything you want with it or to it. You can drive your car as many miles every year as you want with no penalty and you are free to use it as a trade in on another car or sell it outright.
Disadvantages of buying:
A large down payment is normally needed and once the car is no longer under warranty any repair and maintenance costs are to your account.
The decision to buy or lease is a personal one, only you know your own needs and what suits you best. One thing is for sure; there are pros and cons but there are no rights or wrongs.
If you are looking to buy or lease a new Volvo in Arlington Heights you are invited to look at the large inventory at McGrath Volvo Cars Barrington.
