Buy vs Lease

Buy vs Lease

The time-honored debate of buying vs. leasing is something that comes up quite often at Land Rover Ventura. While the answer remains subjective to each individual driver around Ventura, Camarillo, and Oxnard, there are some broad advantages to both options. However, how do you know which choice is right for you and your family? Don’t worry, our team is here to help.

In the coming sections, we’ll be discussing the advantages of the buy vs. lease debate in detail. Ultimately, this article will give you insightful information regarding both leasing and buying. After reviewing this information, you can make an enlightened decision about which financing option is best to get you behind the wheel of a new Land Rover! Let’s get started by going over the buying option.

Buying a Land Rover

2020 Land Rover Discovery SportPurchasing a Land Rover model is fairly straightforward, but there are a couple ways you can do this. You can choose to buy the model outright with cash. However, most drivers who wish to buy opt to finance or take a secured loan through the dealership.

With this option, you’ll work one on one with a finance specialist who’ll take a look at your credit background and speak to reputable lenders and/or banks to find you the best loan possible. They’ll use their strong relationships with these establishments to negotiate on your behalf and get you a monthly payment that perfectly fits into your lifestyle.

Then, all you need to do is sign the agreement and you’ll drive away in a luxury vehicle you can call your very own. It’s simple, streamlined, and may be the perfect option for you.

Benefits of Buying

Now it’s time to look at the perks and benefits of buying. This traditional financing plan instantly sparks a long-term connection between you and your vehicle. Once you buy a Land Rover—whether you pay upfront or through a payment process—it’s all yours.

This has some clear advantages. First, you can do whatever you’d like with the model: If you want to customize some aspect of it or deck it out with accessories, you’re well within your right to do so. If the model you’ve decided on is durable, you’ll also have the benefit of driving this vehicle for many years—often over a decade if you keep up with routine maintenance and inspections.

Buying also makes sense for families that have young children who will grow into young drivers. If you buy a new Range Rover, for example, you’ll find it to be safe, reliable, and enjoyable. So, you can potentially pass this vehicle down to one of your family members. This results in freeing you up to get another car and ensuring their first experience on the road is in a vehicle you trust.

Leasing a Land Rover

Land Rover DiscoveryLeasing is the process of renting a vehicle from the dealership for a predetermined amount of time before ultimately returning this vehicle to the dealership. At that point, you can lease another model if you choose.

With our Land Rover lease deals, this option is much like financing but without the need to negotiate with lenders. Our finance team will pull your credit report, talk to you about your needs, and create a tailored leasing contract that includes everything you need to know about your Land Rover lease. This includes all the details from annual mileages and leasing terms to closing information and what your monthly payment will be.

Then, much like financing, you sign the contract, hop behind the wheel of a brand-new luxury model, and you’re on your way. Then, once your contract is complete, you visit us back at the dealership.

Benefits of Leasing

Why not think about a lease? This payment method continues to grow in popularity for a number of reasons. To start, it’s a hit with car enthusiasts because they have the opportunity to upgrade every two or three years. That way, they enjoy the newest automotive technology, including safety features, infotainment upgrades, performance boosts, style redesigns, and much more.

Leasing is typically an affordable option as well. The monthly costs will typically fall below the monthly costs of buying a vehicle, and the upfront costs as well as sales taxes are generally less, too. This is because you aren’t paying off the whole value of the model, just the depreciation of it while it’s in your possession.  

Your visits to the Land Rover service center will often be inexpensive as well thanks to the dealership warranty you get with leased vehicles! This usually helps cover routine maintenance and repairs when needed.

Additionally, when your contract is complete, there’s no need to find a buyer if you wish to upgrade. Just finish up the closing processes, and our team will take care of the rest for you. This leaves you ample time to find the brand-new Land Rover model you want to lease next!

Buy vs Lease: Which One Is Right for You?

Buying vs Leasing

When you begin to think about whether to buy or lease after looking at the advantages of both options, you have to consider your own situation first and foremost. If you’re confident you’ve found a model that meets all your needs, holds long-term value, and is appealing enough that you won’t want to begin car shopping again in three years, buying may be the way to go.

Conversely, if the idea of driving a slick new model every few years is enticing, and you want to make a decision that offers affordability and flexibility in both the short and long term, try leasing.

Buy or Lease: Stop by Our Dealership Today!

Whether you’re leaning toward buying or leasing, our dealership is the place to visit. We have an extensive inventory of appealing models as well as a financial team that will give you further insight into both payment methods.

Contact Land Rover Ventura to schedule a test drive around Ventura, Camarillo, and Oxnard today! Our professional and experienced staff is ready to help you explore your financing options and help you find the best model and payment plan for your needs.