Volvo Contract Hire and Volvo Lease Car Offers
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Car Leasing as an Alternative to Buying a New Volvo Outright
You’re looking to get a brand new Volvo - either as a private buyer or for a business. What are your alternatives? The two most popular and sensible options financially are OUTRIGHT PURCHASE and LEASING.
Buying your New Volvo - Outright Purchase
It's yours. That's the main benefit from outright purchase. The Volvo belongs to you (assuming all the finance is paid up), and as the owner you can sell it, part-exchange it, modify it, or simply run it until it stops working! Volvo dealers will offer enticing deals and discounts on new Volvos to make outright purchase even more appealing. There are definitely bargains to be had, but you must be willing to shop around and not just accept the price being offered by your local Volvo Dealer. You'll have to haggle and be willing to walk away. BuyYourCar.co.uk does offer a service where you can get deals on a brand new Volvo - so if you're wanting to buy your new Volvo outright that's worth looking at.
The downside to outright purchase is the obvious one - the cost. You buy a brand new Volvo and as soon as you drive it off the forecourt, it's already lost some of its value. Depreciation is a major consideration when buying a new Volvo. Other costs include maintenance and servicing costs (a good warranty can be essential) and road tax.
Contract Hire & Leasing Your New Volvo
The alernative is contract hire or leasing. You don't actually take ownership of the car, and instead pay a fixed monthly rate for the Volvo (that will include road tax costs and can include maintenance and servicing). There are a number of benefits from this approach. You get a brand new Volvo for starters, without having to pay the full new car price. After the period of the lease (usually 3 years), you simply hand the car back, and then you can look at getting another new Volvo on lease.
The downside is that although you avoid paying depreciation on the full price of the car, you need to make sure you look at the cost over the full period and ensure that it makes good sense to your situation. Use the search above to find the best Volvo leasing offers in the UK on BuyYourCar.co.uk. Options and maintenance packages can affect the payment amounts, so it is often worth getting quotes from more than one leasing broker to see who provides the best price for your new Volvo, and of course the best quality of customer service.