Leasing vs. Buying: What to Do When Your Lease Ends

It's the end of your lease, and now it's time to decide what you want to do moving forward. You have the option of leasing another vehicle if you enjoyed the process the first time around. Or you can opt to purchase a vehicle instead. Let's take a look at the pros and cons associated with leasing and buying.

  • Leasing provides you with lower monthly payments and a new vehicle every couple of years which reduces repairs and maintenance. Leasing a vehicle does not require any down payment which is preferred by many people who would like a new car but don't currently have the savings to buy.
  • Owning a vehicle will mean you save money after you have paid for your vehicle in full. You can also sell it, if you want.

If you're still unsure about what you want to do about a new vehicle, stop by Volvo Cars Erie in Erie, PA and speak with our finance center. We can help you make the best decision for you and you're car.

Tags: finance, lease

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