The present work is a continuation of the geometric singular perturbation analysis of the Lagerstrom model problem which was commenced in J. Differential Equations (199 (2) (2004) 290–325). We establish the same framework here, reinterpreting Lagerstrom's equation as a dynamical system which is subsequently analyzed by means of methods from dynamical systems theory as well as of the blow-up technique. We show how rigorous asymptotic expansions for the Lagerstrom problem can be obtained using geometric methods, thereby establishing a connection to the method of matched asymptotic expansions. We explain the structure of these expansions and demonstrate that the occurrence of the well-known logarithmic (switchback) terms therein is caused by a resonance phenomenon.