Should I Lease or Purchase my Land Rover?

Land Rover Schaumburg: Leasing vs Financing

Choosing to lease or finance your next SUV can be hard, Land Rover Schaumburg is here to help make that decision easier. We’ll go over the finance and personal benefits each has to offer based on your individual lifestyle needs and wants. We invite you to come and visit us today at Land Rover Schaumburg, where you will discover our inventory of vehicles and all our services. From our new and pre-owned vehicle inventory to our special offers and Finance Centers, we know you have high expectations and as a top of the line car dealership, we relish the chance to meet and exceed your standards every time.

Should I Lease or Purchase my Land Rover?

If you’re choosing between leasing and buying your next Land Rover SUV, consider the following differences:

  • Leasing is often less expensive from month to month.
  • If you choose to finance, you’ll own your vehicle after you’ve paid off your loan.
  • For drivers who want a new luxury SUV every three years, leasing can cost less.
  • Leases charge more the more you drive, and might be a bad choice for high-mileage drivers.

Of course, the choice between a lease or a purchase depends on your individual situation, so find out more information today.

When Should I Lease a New Land Rover?

If you answer yes to the following questions, leasing your next Land Rover vehicle could be the way to go:

  • Would you prefer a low monthly payment and a low down payment?
  • Do you value extensive upgrades for less money?
  • Would you rather not have to deal with repair costs?
  • Do you enjoy the benefits of having a new car every two or three years?
  • Do you keep your vehicle in great condition?

WHAT ARE THE DOWNSIDES FOR LEASING?

Land Rover Schaumburg has the answers:

  • The main downside of a lease is that you aren’t putting money toward the purchase of the vehicle, but instead paying the dealership to use it.
  • You’re limited to a preset mileage amount, with the option to purchase extra.
  • Lastly, you’ll be charged for repairs if the vehicle is in rough shape when you return it. That makes leasing a tough prospect for families with young children.

When Should I Buy a New Land Rover?

If you choose to purchase your next vehicle, you can take advantage of the following benefits:

  • Long Term Savings
  • Option to Modify the Vehicle
  • Resale Flexibility
  • No Mileage Restrictions
  • Trade-In Value for Your Next Car

WHAT ARE THE DOWNSIDE OF FINANCING?

  • Higher Monthly Payments
  • Higher Down Payment
  • Higher Repair Costs
  • Vehicle Depreciation

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