If you have traditionally purchased cars outright but now you are contemplating leasing a car there are a few things that you need to know. Volvo leases in Arlington Heights are a great way to get into a brand new car but before you sign on the dotted line take time to understand the basics of car leasing, it is always a good idea to be well prepared and knowledgeable when you head off to the dealership.
What actually does leasing mean?
It may make it easier if you think of a lease as a long term car rental agreement. Basically you borrow the car for a set period of time and you pay an agreed upon amount every month, usually between 36 and 39 months. Once the lease period is up you have two options; one is to return the car and the other is to purchase it for an amount that was agreed when the agreement was first made.
Of course, there are certain restrictions when you lease a car:
Limitation of miles driven: Usually Volvo leases in Arlington Heights cap the number of miles that can be driven every year of the lease period, any miles driven over the cap must be paid for.
Maintenance: You are fully responsible for maintaining the car in accordance with the manufacturer’s expectations.
Repairs: You will be responsible for repairs that are not covered by warranty or by the lease agreement
Leasing is ideal as you get to take full advantage of the new car warranty that is offered by the car manufacturer, in many cases the dealer will also offer value added programs.
Never forget though; although you are making payment every month during the lease period, you will not own the car unless you opt to buy it. Any extra miles that you put on the car or damage that happens while you have the car will have to be paid for by you at the end of the lease.
Volvo leases in Arlington Heights are a great way to get behind the wheel of a new Volvo at a cost lower than if you had purchased the same car. To discuss leasing a Volvo you are invited to visit McGrath Volvo Cars Barrington.
