Volvo Finance Center in Oak Park, IL
At The Autobarn Volvo Cars of Oak Park, we offer exceptional financing options for our extensive range of Volvo cars and SUVs. Whether you plan on financing or leasing your next Volvo, our dedicated and knowledgeable finance team is here to help you secure the best plan. Don't hesitate to contact The Autobarn Volvo Cars of Oak Park's finance experts today, or take the first step towards your financing journey by completing our secure online finance application. Continue reading to discover the differences between financing and leasing, the advantages of choosing Volvo Finance, and explore the numerous benefits of financing your Volvo with us at The Autobarn Volvo Cars of Oak Park.
- Sales:708-726-4166
- Service:888-454-3503
- Parts:888-454-3503
- Mon - Fri9:00 AM - 8:00 PM
- Sat9:00 AM - 6:00 PM
- SunClosed
Buying
Opting for vehicle financing means you're making a purchase with remarkable ownership advantages. By financing, you not only acquire a refined and dependable vehicle but also enjoy the perks of a comprehensive warranty. Financing is an excellent solution for those seeking a long-term investment and who have money to use as a down payment. Your monthly payments will be calculated based on factors such as the vehicle's price, initial down payment, trade-in value, interest rate, and the duration of your financing term. Further benefits of purchasing include:
- Less worry about your car’s condition
- No limit on mileage
- Full ownership of your vehicle
- Factory warranty to cover major repairs
Leasing
Leasing a vehicle involves paying for the portion of the vehicle you utilize during the lease term. With the potential for a reduced down payment or even none at all, leasing offers flexibility. Lease agreements typically span 24 to 48 months, ensuring you consistently enjoy the latest styling, technology, and performance features. If you appreciate variety and enjoy switching to different models every few years, leasing could be the ideal choice for you. Further advantages of leasing include:
- Payments are usually lower compared to a purchase
- Lower down payment
- Opportunity to drive a new car every two to three years
- Factory warranty to cover major repairs
Why Finance at The Autobarn Volvo Cars of Oak Park?
At The Autobarn Volvo Cars of Oak Park, our team is committed to providing a seamless experience from the moment you enter our dealership, long into ownership. The Autobarn Volvo Cars of Oak Park’s finance experts will uncover all of your leasing and financing options, and work alongside you to determine the best option for your lifestyle and budget. If you would like to get started online, you can Buy Online, complete our online finance application, and even get an estimated trade-in value! More reasons to choose The Autobarn Volvo Cars of Oak Park include:
- New Specials
- Overseas Delivery Program
- Volvo Retail Programs
- Certified Pre-Owned Vehicle Specials
Finance FAQs
What is the difference between financing and leasing?
Financing involves buying the vehicle and making payments toward ownership, while leasing means you're essentially renting the car for a specific period and making payments for its use.
How many miles can I drive with a leased Volvo?
Standard Volvo lease plans allow up to 15,000 miles of driving per year. However, there are various mileage plans to choose from.
What are my Volvo lease-end options?
The Autobarn Volvo Cars of Oak Park lease-end options include:
- Exchange your Volvo for a new lease
- Purchase your leased Volvo
- Purchase a new Volvo
What are the advantages to leasing a Volvo?
Advantages of leasing a Volvo include:
- Payments are usually lower compared to a purchase
- Lower down payment
- Opportunity to drive a new car every two to three years
- Factory warranty to cover major repairs
What are the disadvantages of leasing a Volvo?
The disadvantages of leasing your next Volvo include:
- Mileage limitations
- You can not customize or alter the vehicle
- Financial penalties for excess wear and tear
- Not an asset like a financed vehicle
How long does a financing contract last?
Financing terms typically last from 36 to 72 months.
Can I finance a used vehicle?
Yes, you can finance new and used vehicles. The terms and interest rates may vary for used cars.
What are the benefits of financing a Volvo?
Benefits of financing a Volvo include:
- Less worry about your car’s condition
- No limit on mileage
- Full ownership of your vehicle
- Factory warranty to cover major repairs
What are the disadvantages of financing a Volvo?
The disadvantages of financing your next Volvo include:
- Higher monthly payments
- Higher down payment
- Costlier repair
- Your vehicle will incur depreciation