Leasing vs Buying Your Land Rover

You might be wondering if you should lease or buy your new Land Rover. The truth is that neither option is strictly better than the other; each option has its own pros and cons. Here is a quick rundown of the differences between each option:

Buying: Buying a Land Rover has you pay for the vehicle's full price. Once it is fully paid off, the vehicle is yours. If you purchase a Land Rover, you can drive it as much as you want, and once it's paid off, you can modify it as you see fit.

Leasing: While buying a Land Rover has you pay for its full cost, leasing only has you pay for its projected value depreciation. This means that leasing has a lower down payment and lower monthly payments than buying. The lease period is almost always covered by the vehicle's warranty, so you can rest easy knowing that you're covered. Unlike buying, leased vehicles have a yearly mile limit, and you have to pay for each mile you drive over the limit.

If you have any further questions about leasing vs buying your Land Rover, we're happy to help. Give us a call at 888-338-1297, or come ask us in person here in Thousand Oaks, CA. At Land Rover Thousand Oaks, we're happy to help.

Categories: Finance