Lease vs Buy

Learn More About Whether Leasing or Buying is Right For You


There are several advantages to financing or leasing a new Land Rover or Range Rover model. 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 reach out to a member of our finance team. Our finance professionals will go over all your options and answer any questions you have.

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?

Leasing & buying options depend on your current situation. If you plan on driving the car for less than six years, two three-year leases might be more cost-effective than buying and selling a vehicle on your own.

What is an APR?

APR means annual percentage rate, which 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 or Range Rover at the end of your term. Residual value helps determine your payments and how much to purchase your vehicle at the end of the term. Remember, leasing means 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, not the full value of the vehicle. That means you might pay less in sales tax when compared to financing a vehicle.

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

Usually, you will have anywhere between 10,000-12,000 miles per year to drive without any penalties. If you think you might go over the mileage during your lease term, you can always buy additional 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. Be sure to speak with our Land Rover Cape Cod specialists to explore which option fits your lifestyle and driving goals.

What if I need to end my lease early?

If you need to end your lease early, there will be a termination penalty. To discuss 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 allotted miles and your car is in good condition, you can return your vehicle to us. From there, you can finance or lease a new Land Rover SUV.

Are You Interested in Leasing & Buying?

We invite Hyannis, Dennis, & Cape Cod, MA. to visit our Land Rover dealership to learn more about our leasing & buying options. Questions for our team? No problem! We're available to answer your questions through phone, e-mail, text, or chat.

  1. Land Rover Cape Cod

    100 Barnstable Road
    Hyannis, MA 02601

    • Sales: 508-318-5460
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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.