Choosing whether to pot in to a lease or loan payment plan is a crucial, and often, polarizing decision to make. The key to know when one is better for you is your intent. Whether you want your car for the long run, or if you want a newer model for a low cost, knowing your criteria will make the choice easier.
Reasons to Lease:
You want a brand new car, without paying brand new prices. Leasing a car allows you to pick out that brand new Land Rover and make payments that are significantly less than they would be for a loan payment.
You're not looking for a commitment. The time frame for your leased car usually lasts for approximately 3 years. Once it's over, you can then choose to buy it, or find another new car to lease.
Reasons to Buy:
You want something that is yours to keep. Once you pay off your loans, you will fully own your car. No taking it back to the dealership in search of another car.
You want to rack up miles on a road trip. Most lease contracts include a limit to yearly miles driven, so road trips may not be in your mileage budget. However, if you buy your car, you can drive it from California to New York without any penalties to worry about it.
You want a new paint job. Tired of your current car color? Paint a new one. It's that simple if you buy your car. Lease vehicles tend to have strict barriers to any customizations, but a car that's yours is yours to alter.
To learn more about leasing and loan options, view what Land Rover Roaring Fork has to offer in our Finance Center.
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Finance