Volvo End of Lease Options

The end of your Volvo lease: Basic steps and return options

If you are coming to the end of your Volvo lease contract, we're confident that you've been enjoying the opportunity to lease a new Volvo. Few other cars can match the exceptional luxury, performance and safety features that are available in a model like the Volvo XC90, XC60 or XC40.

As you approach the time to return your Volvo, we want you to be informed about the fundamental steps and the exciting options that are open to you at Betten Volvo Cars in Grand Rapids MI. Let's start with an end-of-lease countdown.

90 Days

This is the time to choose your lease-end option. One choice is to lease or purchase a brand-new Volvo. We invite you to shop our lease and purchase specials or schedule a test drive at Benton Volvo. Another option is to purchase the Volvo you've been leasing. We make it very easy to exercise your Purchase Option at End of Lease Term. These are just two of your lease-end choices and we will delve into further detail later.

60 Days

As you know, your lease contract calls for an inspection before your lease comes to an end. At that time, one of our Volvo certified technicians will look for any excess wear or damage that might have occurred with a complimentary inspection of your Volvo. One of our representatives will contact you to arrange that inspection.

You are welcome to have your vehicle inspected at your home in Wyoming or Kentwood, MI, at your office or any other location that's convenient for you. If the inspection report shows that repairs are needed, you can schedule those repairs at our service center and cover those costs as required. Please be sure to keep all receipts as confirmation that the repairs were completed.

30 Days

This is the time when you schedule your turn-in appointment. Just contact one of the specialists in our finance center to schedule that appointment. When you turn in your leased Volvo, be sure to return all keys or key fobs, the owner's manual and the spare tire or tire sealant kit.

Lease end

If you made any repairs to your Volvo after the inspection, let us know when you return your Volvo. We ask that you provide copies of the repair receipts and include your VIN number and your account number on each copy. Within one to two weeks after turning in your Volvo, you may receive an invoice for any excess wear-and-tear charges that weren't properly repaired.

Yes, because we are an authorized retailer for Volvo Car Financial Services, we can take back your leased Volvo no matter where you leased it. Just bring a copy of your leasing contract and we can set the wheels in motion, working with you to fulfill all contract terms and helping you decide on your next steps.

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Am I responsible for selling the Volvo I've been leasing?

No, you don't have to worry about the hassle of selling your at leased Volvo because you don't own it. That's one of the things many Volvo lessees appreciate about leasing. With your busy lifestyle, you don't have time to worry about getting your Volvo cleaned up and ready for selling. We will take that Volvo off your hands and take care of selling it for you.

Lease-end option #1: Consider leasing another brand new Volvo

If you appreciated the simplicity and clarity of your Volvo lease, there's an easy way for Rockford and Grandville MI lessees to keep a good thing going. Just contact us about 30 days before lease-end and tell us you'd like to move into another Volvo lease. It's a great way to get the latest Volvo styling along with the luxury and comfort that Volvo is known for. You'll be getting the advantage of the latest Volvo technology, including our most up-to-date safety features.

Lease-end option #2: Extend your Volvo lease

If you'd like a little more time to consider your options, talk to us about a limited-time extension of your Volvo lease. We'll be happy to explain the details.

Lease-end option #3: Buy a new Volvo

With the help of our generous purchase offers, we can help you get behind the wheel of another brand-new Volvo. As you know, Volvo is continuing to unveil an exciting series of new models that are worth considering. In addition to our gas powered SUVs, sedans and wagons, Volvo has hybrid models and the fully-electric Volvo XC40 Recharge, designed to help you save on the cost of fuel.

Lease-end option #4: Get a Certified by Volvo model

If you want to trim your expenses while continuing to enjoy the benefits of a recent model Volvo, we recommend our Certified by Volvo program. You can build equity in a Volvo that's passed a demanding inspection covering more than 170 points. Your vehicle will be covered by a Five-Year/Unlimited-Mile warranty.

See us for more details

We'll be happy to tell you more about lease-send details and the great opportunities available for your next step. Feel free to contact us any time at Betten Volvo Cars in Grand Rapids MI.

What happens when I turn in a leased Volvo?

Before the end of your lease, you will bring your leased Volvo back to us at Benton Volvo Cars in Grand Rapids MI and have it inspected. That's when you'll need to cover any expenses for excess damage or wear and tear. You will then turn over that Volvo to our dealership at the end of your lease contract.

Can I get out of a Volvo lease without a penalty?

You can get out of a lease early by paying the lease termination fee or checking for an early termination clause that will allow you to get out of the lease without paying that fee.

Is it better to get a car loan or a lease?

If you want to build up cash equity in the car you're buying, a car loan is the only way to do it. It's also the only way to ultimately own that Volvo. A car lease is better if you want a lower down payment and lower monthly payments.

What is the net capitalized cost in a lease?

The net capitalized cost is the final selling price of the vehicle. It's equal to the gross minus any rebates, incentives and upfront capital that you invested in the leased vehicle.

Can I trade in my leased car early for another car?

Yes, but if you return your Volvo too early, there will be an early termination fee and you will need to pay the that Volvo's residual value based on depreciation and interest.

What is the Volvo Protection Package Premier?

The Volvo Protection Package Premier adds wheel locks, rubber floor mats, a plastic luggage mat, a stainless steel bumper cover and a first-aid hit to your vehicle. These features all work together to help keep your car clean, secure and undented.