To Lease or Buy?

Discover the Advantages

When you want to buy a new vehicle, there are two options available to you. Leasing and financing both offer various benefits depending on your needs. Taking the time to identify these needs will help you make the right choice. At Volvo of Edmonton, we can help you find the right option.

This choice depends on many factors, although it is ultimately a question of need and how you intend to use the vehicle. Depending on the number of kilometres you will travel annually, how long you expect to keep the vehicle, your budget, and other factors, you will be able to narrow down the right option.

Come and chat with our experts who will be happy to help you find the right purchasing plan for your next Volvo. They will listen to you and advise you according to your needs.

In the meantime, have a look at this quick comparison between leasing and financing.

Benefits of Leasing

  • Generally lower monthly payments
  • Better option if you like to replace your vehicle every three or four years
  • More affordable if you do not drive a lot annually
  • Tax benefits if the vehicle is pre-owned for work or for a company

Benefits of Financing

  • Better option if you travel more than 25,000 kilometres annually
  • The vehicle belongs to you and there is the possibility for resale and profit
  • Can keep the vehicle after it has been paid off
  • Generally lower financing rates

To find out more about the different benefits of leasing and financing, contact us today at Volvo of Edmonton.

Discover the Advantages