Lease vs Buy

Learn More About Whether Leasing or Buying is Right For You


There are many benefits of financing or leasing a new Land Rover SUV. After further research, you may notice one option being better for your travels. If you are not sure which option is right for you, please contact our finance specialists. Our professionals are here to go over your options and answer all your questions.

Explore the Benefits of Leasing & Buying!

 

The Benefits of Leasing

  • Smaller down payment and monthly lease payments
  • No ownership commitment
  • Freedom to transition between cars every few years
  • No trade-in hassle or need to sell at the end of the lease
  • You spend less money to drive a newer vehicle
  • Less repair costs because of the new vehicle warranty
 

The Benefits of Buying

  • You love being a new vehicle owner
  • Ability to accrue more savings the longer you own the car
  • Opportunity to build greater equity in your vehicle
  • No limits on mileage, customization, or wear-and-tear
  • You can sell the vehicle whenever you are ready
  • It can be a trade-in that lowers the cost of your next vehicle

Your Leasing & Buying Questions Answered!

If I lease a new vehicle, am I getting a better deal than purchasing?

This depends on your current situation. If you plan on driving the vehicle for fewer than six years, two three-year leases might be more cost-effective in the long run.

What is an APR?

APR means annual percentage rate. APR is the annualized rate at which interest accrues on a loan.

Can you explain residual values?

The residual value is the estimated worth of your Land Rover vehicle at the end of your term. Residual value helps determine your payments and how much to purchase your vehicle. When you lease, you are only paying for a portion of the vehicle's life.

How is sales tax applied to a lease?

Sales tax is only applied on the part of the vehicle you lease instead of the full value of the vehicle. You may end up paying less in sales tax when compared to financing a vehicle.

How should I determine what mileage to include in the lease?

Our leases range between 10,000-12,000 miles per year without any penalties. If you think you may end up going over the mileage during your term, you can add miles in advance to avoid any penalties.

What is the shortest car lease available?

Our leases are normally for 36 months, but we do offer 24-month leases. Please reach out to one of our Land Rover Hanover consultants to explore your options further.

What if I need to end my lease early?

There is a termination penalty if you need to end your lease early. If you would like to talk about your options, please reach out to our Land Rover dealership, and we will go over alternative solutions with you.

What happens at the end of my lease?

If you are under your mileage limit and the vehicle is in good condition, you can return your vehicle to us. From there, you can purchase or lease a new Land Rover SUV for your commute.

Are You Interested in Leasing & Buying?

Are you interested in moving forward with leasing a new Land Rover model or financing a used car or SUV? If so, then you've come to the right place! We invite drivers form the Braintree, Hingham, Norwell, & Milton, MA. areas to contact our Land Rover dealership today to get started!

  1. Land Rover Hanover

    2144 Washington Street
    Hanover, MA 02339

    • Sales: 781-412-4551
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Questions For Our Team?

Dealer not responsible for typographical errors. Pictures are for illustration purposes only. All vehicles subject to prior sales. See dealer for details. MSRP may not be price at which vehicle is sold in trade area. All vehicle sales and leases are subject to a $495 dealer documentation fee. Plus tax, title and license. New car MPGs are EPA's estimated city/highway MPGs. Residency restrictions apply. See dealer for copy of limited warranty. Used car MPG claims are based on EPA estimated city and highway ratings when vehicle was new. Consumers actual mileage will vary.