There are many decisions to make when leasing a car and it's not always easy to decide which terms are the best for you.
What is the difference between car leasing and car subscription? How does car leasing work vs. car subscription? We will explore these questions and more in this article.
A car dealer will offer car leasing as an alternative to buying a car. With car leasing, you get a new car on a monthly payment. In most cases you will also have a down payment and up-front lease origination and dealer document fees. The amounts depend, among other things, on the duration of the car lease and the expected mileage driven.
When you lease a car, the monthly payment normally doesn’t include routine factory maintenance. excessive wear or tire and wheel protection, these are provided as optional products to the lease that increases the amount of the monthly payment. Additionally, you would need to separately purchase insurance policy that meets the minimum insurance coverage standards that are set by the lessor.
With Care by Volvo you don’t have the same long-term commitment as a traditional car lease, as we provide you with the ability to cancel your subscription and return the car, or change models, any time after the first 4 months* have expired in your lease term, without incurring an early termination fee.
In a traditional car lease, you need to obtain your own personal auto insurance. With a Care by Volvo car subscription, insurance is included for you as an eligible subscriber, as well as for members of your household.
In addition, Care by Volvo offers complimentary Factory Scheduled Maintenance, Roadside Assistance, Excess Wear Protection and Tire & Wheel protection at no additional cost.
It’s easy to get started with a Care by Volvo subscription. Start by choosing your favorite car from our selection of in stock cars. Alternatively, you also have the option to subscribe to any car you find on your local Volvo dealer lot. Once you select your car, you will complete a few simple steps to confirm your eligibility within minutes. After your order is confirmed, our Care by Volvo customer care team will contact you to arrange for car delivery.
At Care by Volvo we’re driven by change. Because we know your life can change. So when it comes to getting the car you want – when you need it – we can offer you true flexibility and simplification. Get started today!
*Contracts entered into the state of Illinois, will be eligible for cancellation after 12 months.