Leasing a Volvo Near Washington, D.C.
If this is your first car lease, you might have questions about how to get approved for Volvo lease offers. The first step would be to apply for credit through our dealership or by calling our finance department. Our free credit application is quick and easy and will only take a couple of minutes to fill out.
After our team knows more about your credit history and rating, they'll be able to tell you about the Volvo lease deals you qualify for. While you have us on the phone, feel free to ask any questions you have about our Volvo loaner vehicles for sale or how buying compares to leasing.
Benefits of Leasing vs. Financing
Many of our customers are undecided about whether it's better to buy or lease when they arrive on our lot. Luckily, you can save time at the dealership by answering a few questions about your driving habits and preferences before you road test any of our Volvo lease deals.
For instance, do you typically drive more than 15,000 miles every year? Do you plan to drive your next car for at least five years? Do you like to own what you drive? If you answered "yes" to those questions, you might be more suited for one of our finance specials.
But if you drive fewer than 15,000 miles, like to change up your car every three years or so, and prefer to have the latest interior technologies, comforts, and safety advancements, then you're well suited for our Volvo lease deals.
Frequently Asked Questions
What are the standard Volvo lease terms?
A typical lease term on a new Volvo model is for three years. Your monthly lease payment is calculated based on the price of the vehicle, depreciation over three years, the annual mileage limit, and local taxes and fees in your area. A new Volvo lease deal will typically include a mileage limit of 15,000 miles per year for a maximum of 45,000 miles.
How many miles are allowed on a Volvo lease?
The standard Volvo Cars lease comes with an annual mileage limit of 15,000 miles, but we have other mileage plans available for you if you need more/fewer miles. When comparing Volvo lease offers at our dealership, let our team know if you'd like a lease price quote for 7,500 miles, 10,000 miles, or 30,000 miles. We want to work with your needs to help you choose a Volvo lease special that fits your lifestyle.
What is the extra mileage fee on a Volvo lease?
A standard auto lease contract includes an annual mileage limit with a set number of miles. Typically, this number is 10,000 miles per year. However, Volvo lease deals are usually for 15,000 miles, which is yet another reason you might choose to lease a Volvo vehicle. When you turn in your car lease, you will be charged a fee for any miles that exceed the annual limit. The overage fee is typically 15 to 20 cents, which can add up pretty quickly. Having that extra 5,000 miles included in your Volvo lease deal can help if you happen to rack up the miles one year.