Volvo Lease Returns
As your lease term approaches its conclusion, it's time to explore your options. Whether you're looking to upgrade to a new Volvo, keep your current vehicle, or simply return the lease, Crest Volvo is here to support you every step of the way.
Option 1: Trade-In For a New Volvo
When your lease ends, it's the perfect opportunity to transition into the latest Volvo models. By trading in your leased vehicle, you can seamlessly step into a brand-new car.
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Benefits of Leasing Again:
- Access to the Latest Models: Drive the newest Volvo technology and features.
- Reduced Maintenance Costs: Many leases include maintenance plans, saving you money.
- Potentially Lower Monthly Payments: Depending on your eligibility and lease terms, you could enjoy comparable or lower payments.
Option 2: Purchase Your Current Volvo
If you've grown attached to your Volvo, buying it outright could be the right choice.
How to Decide if a Buyout is Right for You:
- Vehicle Condition Assessment: Evaluate the wear, mileage, and any necessary repairs.
- Market Value Check: Compare the buyout price to the current market value.
- Financial Considerations: Factor in the total ownership cost, including interest and depreciation, to make an informed decision.
Option 3: Return Your Lease
If you're ready to move on, returning your leased Volvo is a straightforward process.
Steps to Prepare for a Lease Return:
- Schedule a Pre-Return Inspection: Arrange an inspection a few weeks before your lease ends.
- Inspection Process: A representative will evaluate the vehicle for wear, damage, and other factors based on your lease terms.
- Finalizing the Return: Bring the original lease agreement, keys, owner's manual, maintenance records, and any included accessories.
Potential Charges to Consider:
- Mileage Overages: A per-mile fee applies if you exceed your limit.
- Excess Wear and Tear: Additional charges may apply for damage beyond normal use.
- Disposition Fee: Covers administrative costs for processing the return.
As your lease end date nears, take time to consider your next steps. If you want to experience the latest Volvo features, upgrading to a new model is an excellent choice. Love your current Volvo? Purchasing it may be the way to go. Or, if you're ready to explore other options, returning your lease is a hassle-free solution.
To learn more about your lease return options, contact us or visit the Volvo website today.
