My Volvo Lease is Ending, What Do I Do?

There are many benefits to leasing a Volvo.

• Lower out-of-pockets costs when acquiring and maintaining a Volvo
• Most lease terms keep you within the warranty and maintenance period
• You can get more car for less money
• The biggest benefit is a lower monthly payment than if you chose to finance it

As your lease comes to the end of its term, you must decide what to do next.

You have 3 options when your Volvo lease is maturing:
 

1. Buy it for the residual value - Buying your current Volvo when the lease matures for the residual value, which is the car's estimated worth at the end of your lease term and set in your contract terms.  If you fell in love with it and want to continue with ownership, the team at Patrick Volvo can provide you the cash buyout figure, finance options & protection plans to cover you during the new ownership.
2. Lease or buy another Volvo - You can lease or buy a brand-new Volvo.  One of the benefits of leasing allows you own a new car every few years.  Another perk offered by Volvo Cars NA are Volvo Loyalty Bonuses.  Loyalty Bonuses are applied to the lease or purchase of a new Volvo for current or previous Volvo owners.  The amount of the bonus varies and is based on model.  The management team will provide new leasing options that include the loyalty bonuses.
3. Turn it in and walk away - Turning your lease in and walking away gives you the option to get into another brand.  We would love for you to continue you’re driving journey with Volvo, but we understand the excitement of getting into something new.

Although the options are few, we understand it can be overwhelming. Whatever your choice will be, the team at Patrick Volvo Cars will help make it simple. 

If you’d like to learn more or would like to speak with a Patrick Volvo Cars Client Advisor about your options, simply click below to read more, call us or submit an inquiry. We’re happy to help.

Lease Returns & Volvo Lease End Options at Patrick Volvo Cars