FAQs About Leasing

Volvo Cars of Evansville Lease FAQ's

To lease or not to lease. That is the question. To ensure that you have the answers you need to make a good financial decision; we've collected a few of the most asked questions about leasing. While there's no "which one is better" decision between leasing or financing a vehicle, there could be one better FOR YOU. So, if you're in the Evansville area and you're thinking about leasing a new Volvo, here's some answers you may need before you make your decision.

Lease FAQ's

Why is leasing a good option?

Flexibility.

Leasing is a good option for you if you prefer to drive a new Volvo XC40 every few years without being tied down. What do we mean by tied down? Well, when you finance a vehicle, you're responsible for that car until you eliminate the balance. After that, it's yours to keep. With a lease, you'll have more flexibility regarding the cars you drive and when you drive them. People in Evansville, IN, or Owensboro decide to lease a XC90 when they tend to want the newest features available for the newest trim levels. So, they'll have the option of driving a new vehicle and then exchanging it for a newer one in a couple of years.

How long does a lease last?

Generally, 2-3 years.

The length of your lease term is decided upfront. You and the dealership you lease from will collectively determine how long you want to keep your S60 lease. Although the most common lease is for 12 months, there are instances where lease terms could be as low as nine months or as long as three years. Some leases can be month-to-month, but that doesn't happen often. You can speak to the sales representatives at your Volvo lease center for more information about their specific lease term qualifications and when to return your lease.

Do I need to put money down?

In most cases, yes.

Generally, a down payment is paid to begin your lease term. It usually involves some sort of credit analysis to determine the amount and a full month's payment to start. The down payment will lower your monthly payment going forward. If there is no down payment (some dealerships have lease deals that eliminate it), there are other up-front leasing costs such as first payment, acquisition fee, security deposit, and title and license fees. So, in most cases, you'll pay a little bit to kick off your lease XC60 term.

How many miles do I get with my lease?

That is determined at the time of origination.

The most common annual mileage limits are 10,000, 12,000, or 15,000 miles. So, based on your driving style and needs in Newburgh, IN, or Henderson, KY, you'll want to select a mileage that is feasible for your travels. It can get tricky because there are fees for going over your annual mileage. So, it's important to know how much you travel because you'll want to avoid paying anything extra when it's time to return your lease.

Is Leasing a Good Option for You?

After understanding the specifics of what you'll get with a leased vehicle, there's only one question left to ask. Is leasing a Volvo the best fit for you in Mount Vernon, IN? If so, you can contact one of our representatives in our Volvo lease center, and they'll help you along the way and answer any additional questions you have.

We've got lease deals available to help you save money in the process. Go ahead and take your time browsing online to check out our new Volvo inventory. When you find the right fit for you, it's time to take the next step at Volvo Cars of Evansville. We'll see you soon.

Contact

Volvo Cars of Evansville

4500 E. Division Street
Directions Evansville, IN 47715

  • Sales: 812-494-7997
  • Service: (812) 494-7889
  • Parts: (812) 479-3131

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  1. Volvo Cars of Evansville

    4500 E. Division Street
    Evansville, IN 47715

    • Sales: 812-494-7997
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Get in Touch With Us

  • Contact our Sales Department at: 812-494-7997
  • Monday8:30AM-7:00PM
  • Tuesday8:30AM-7:00PM
  • Wednesday8:30AM-7:00PM
  • Thursday8:30AM-7:00PM
  • Friday8:30AM-7:00PM
  • Saturday9:00AM-4:00PM
  • SundayClosed