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How much is the Volvo disposition fee?
I’ve decided to lease a Volvo instead of buying it, and I’ve noticed some contract language about a disposition fee. How much is Volvo’s disposition fee?
Natalie Todoroff · Updated on
Reviewed by Shannon Martin, Licensed Insurance Agent.
It’s smart to ask before you cross your t’s and dot your i’s on the contract! At the end of your
vehicle lease
, Volvo will charge you a $350 disposition fee. The disposition fee is designed to cover the expenses of preparing your vehicle for resale, like cleaning the interior, buffing out any minor paint scratches, and getting that
new car smell
. You may also hear the disposition fee referred to as a “turn in” fee. $350 can feel like a lot, but, Volvo will sometimes waive this fee and up to six monthly payments with their Pull Ahead program—but it requires you to lease another vehicle through Volvo Financial Services. If you decide that Volvos aren’t the cars for you and are ready for something new once your lease ends, you’ll need to cough up the $350.
Leasing a vehicle has its upsides and its pitfalls. On the plus-side, you won’t have to worry about maintenance fees and will end up paying less per month than you would if you had purchased it outright. On the downside, at the end of your lease (depending on its length, of course), you can easily wind up paying pretty close to the vehicle’s sticker price—and have none of the perks of car ownership.
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- Gregory R.
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