3671 Pierce Parkway • Billings, MT 59106

Buying vs. Leasing: Which Option Will Suit You Best?

Buying vs. leasing can be a surprising tricky decision to make, and it’s certainly one we’ve heard people ask themselves many times before. It’s a shame to add any stress to the buying process, so we thought we’d go ahead and put together a quick overview of the key benefits that come with each option.

Why Should You Lease?

Monthly payments are lower when you lease because you’re not paying for the whole vehicle, and you’ll be expected to provide a lower down payment for the same reason. However, you shouldn’t assume that reduced costs are all leasing has going for it.

Most people enjoy the convenience. Repairs are covered by the new car warranty, and it’s easy to change up when the lease term ends. With frequent changes, usually every three years, your leased vehicle will never be too far behind the latest features.

Why Should You Buy?

Buying means a higher down payment and higher monthly payments, but the vehicle will be all yours once you finish making them. If you’re happy to drive the same car for quite a few years, the savings can be considerable.

As for further benefits, it really comes down to freedom. Lease contracts stipulate a maximum annual mileage, with charges for every additional mile driven, and that you don’t make any changes to the vehicle. Such restrictions don’t apply when you buy.

Which is Right for You?

There’s no cut-and-dry right answer to buying vs. leasing, but you can consider your own circumstances.

In general, those who hate missing out on the latest features and don’t become too attached to their vehicles will appreciate the lower costs that come with leasing. Those who enjoy hanging onto their cars longer and putting plenty of miles on the odometer each year are likely to feel better about buying.

Let the Underriner Volvo Team Help You Make the Right Decision

If you’re still unsure about leasing and buying benefits, remember that help is always at hand from Underriner Volvo. And once you’ve found what you’re looking for, we can set up a test drive, explain financing options, and even let you apply for financing online. Are you a recent graduate? Check out our College Graduate Program to take advantage of flexible and competitive financing options with only a 5% down payment upon credit approval.

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3671 Pierce Parkway • Billings, MT 59106

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Underriner Volvo
Underriner Volvo
3671 Pierce Parkway
Billings, MT, 59106 United States
Underriner Volvo 45.7342483, -108.6105298.