You might be wondering if leasing or financing would be better for you. Leasing and financing have considerable differences between them, but each offers an array of benefits. We have highlighted the distinctions and advantages of each so you can make the best decision for your lifestyle.
The Benefits Offered by Leasing
- Access to new models for less
- Lower monthly payments
- Smaller down payments
Leasing a vehicle is like renting it for an extended length of time. Leasing contracts typically span for an average of two or three years. You can purchase your car or exchange it for a newer model when the lease ends.
You are paying for the depreciation of the car for the timeframe in which you drive it rather than its entire value. Leases tend to give drivers access to lower monthly payments and smaller down payments. Some leasing contracts may cover regular maintenance for the vehicle for the duration of the contract.
The Benefits Offered by Financing
- No mileage restrictions
- Freedom to customize your car
- Sell or trade whenever you want
Financing a vehicle means paying for the car's total value. You can customize and modify it however you want, and there are no restrictions on mileage.
Once the remaining auto loan balance is paid off, monthly car payments become a thing of the past for as long as you own that vehicle. When you finance your vehicle, you are able to keep it for as long or as little as you want. You can sell or trade in your current car and use its value for your next vehicle.
Visit Land Rover Livermore to Learn More
You can visit or contact Land Rover Livermore to learn more about leasing and auto financing. Our fantastic finance center will answer all your questions. We will help you further explore the options so that you can make the best choice for your lifestyle. Contact or stop by our Land Rover dealership today.
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Finance