Guide to choosing the best Volvo to lease

Volvo EX30

Best for: Drivers seeking an entry-level electric SUV with excellent performance and the luxurious interior typical of Volvo. The EX30 is also competitively priced.

Engine type: Electric

Estimated EV range: 145 - 170 miles

Passengers: Up to 5 adults

Cargo: 318 litres

Volvo XC90

Best for: Families seeking luxury, practicality, and driving performance. The Volvo XC90 is a midsize luxury SUV available with both petrol and plug-in hybrid powertrains. 

Engine type: 2.0L 4-cylinder/electric

Estimated EV range: 32 miles in hybrid mode and 35 miles in pure electric mode

Passengers: Up to 7 adults

Cargo: 680 litres

Volvo XC60

Best for: Families and everyday drivers looking for a mild-hybrid Volvo model that’s packed with safety features. The XC60 is one of the few car models in the Volvo range which still offers diesel-only engines. 

Engine type: 2.0L 4-cylinder/electric

Estimated EV range: 63 miles in hybrid mode and 35 miles in pure electric mode

Passengers: Up to 5 adults

Cargo: 483 litres

Volvo XC40

Best for: Once crowned the Family SUV of the Year, the Volvo XC40 is a midsize crossover that combines high ground clearance for off-road driving with compact dimensions for convenient inner-city driving. 

Engine type: 2.0L 4-cylinder/electric

Estimated EV range: 63 miles in hybrid mode and 35 miles in pure electric mode

Passengers: Up to 5 adults

Cargo: 443 litres

Volvo V60

Best for: Those looking for a compact station wagon. The Volvo V60 has a unique cross country style with plenty of luggage space to boot.

Engine type: 2.0L 4-cylinder/electric

Estimated EV range: 63 miles in hybrid mode and 35 miles in pure electric mode

Passengers: Up to 5 adults

Cargo: 1,431 litres

Volvo V90

Best for: Drivers looking for a well-rounded, roomy family estate car.

Engine type: 2.0L 4-cylinder

Passengers: Up to 5 adults

Cargo: 551 litres

Everything you need to know about a Volvo lease

The cost of leasing a Volvo will vary depending on: 

  • The year and model of your Volvo
  • The specs & configurations you choose
  • Your contract term – the longer your lease, the lower the monthly costs
  • Your initial rental 
  • Your car lease provider. 

For the UK’s best-selling Volvo model — the XC40 compact SUV — leasing starts from around £610.10 (inc VAT) per month over 48 months, with an initial rental payment of £7,321.20. In this case, the initial rental is the equivalent of 12 months of payments. There’s usually a vehicle sourcing fee as well.

Volvo car leases typically include a mileage limit, with additional costs incurred for exceeding this limit, usually charged on a pence-per-mile basis. For the Volvo XC40 compact SUV lease deal above, the annual mileage limit is 5,000 miles. Additional costs apply if you select maintenance packages, roadside assistance or higher-spec configurations for your Volvo lease. Lease costs and charges will vary between providers; the above is just an example. 

The inclusions in your Volvo lease deal will depend on whether you choose to lease through the manufacturer directly or with a third-party car lease provider. 

A Volvo lease will generally include: 

  • Full use of the vehicle for the lease period (which can range from 24-60 months)
  • An allocated annual mileage between 5,000 and 15,000 miles (over-mileage fees may apply if you exceed your set mileage)
  • VED 
  • Standard manufacturer’s warranty
  • Scheduled servicing 
  • Volvo vehicles have built-in Google digital services 

However, there are exclusions with a Volvo lease, the primary one being insurance. It’s your responsibility to ensure your leased Volvo is insured, just as you would with any other type of car finance. You may get driveaway insurance when you sign up for a Volvo lease deal, but this only provides sufficient coverage for up to 7 days. 

Additionally, excess charges may apply if you do not adhere to the manufacturer's servicing or maintenance guidelines or if the car exceeds the BVRLA guidelines on fair wear & tear. 

All things considered (mileage, rental payment, etc.), and if you compare car lease deals from various providers, you may find the cheapest deal may be on the Volvo EX30. Leasing can start as low as £506.50 per month (on a 48-month term), with an advance payment of £6,078.00. 

Here are some ways you may be able to save money on a Volvo lease deal:

  • Shop around: Compare deals from different leasing companies to see which comes out the cheapest (or with the most flexible car lease terms). Check the potential cost of your Volvo lease based on different lease durations and initial rental payments. You can use to find the providers offering the best prices on Volvo leases.
  • Skip the extras: You’ll likely pay less if you skip car upgrades and lease a basic Volvo model instead of a top-of-the-range model with all the bells and whistles. 
  • Negotiate terms: While the vehicle’s purchase price is typically non-negotiable if you buy from a Volvo dealership directly, you may have some wiggle room to negotiate your lease costs because lease companies generally buy in bulk from the manufacturer. 
  • Consider a used Volvo: If you're open to driving a pre-loved car, consider leasing a used Volvo. This will generally be more cost-effective than leasing a brand-new model. 
  • Choose your mileage limit carefully: This could help you avoid excess mileage charges for going over your limit.
  • Maintenance packages: Adding a maintenance package to your lease will generally increase your payment costs, so consider if you really need it, especially when scheduled servicing is already covered in the lease.
  • Consider salary sacrificing: If you're eligible, paying for your Volvo lease through your employer's salary sacrifice scheme can offer some significant tax savings.

When your Volvo lease ends, you’ll have a few options to consider: 

  • Return the vehicle: You can give your Volvo model back to the leasing company. They will inspect the vehicle for internal/external damage or excessive wear and tear. Exceeding mileage limits or causing damage beyond normal wear and tear may result in extra charges as per your lease agreement.
  • Lease another Volvo: You can upgrade to a newer Volvo model to get the latest tech and features, or you can switch to another brand. 
  • Extend the lease: Some lease agreements offer flexibility in extending the lease. If you’re happy with the Volvo model you’ve been leasing, this could be a good option. The leasing provider may charge an admin fee to extend the lease.

Leasing a Volvo without a deposit could be an option. You can opt for the lowest initial rental payment, typically equal to your monthly payment. Keep in mind that a lower initial rental payment will typically result in higher monthly payments throughout your Volvo lease term. Depending on your credit score, there may be restrictions on selecting the lowest initial rental. 

To qualify for leasing a Volvo in the UK, you must meet the following minimum criteria:

  • Be over 18 years of age
  • Have a full driving licence
  • Have a good credit score
  • Have an income that’s sufficient to cover your lease payments.