Are you looking for a Land Rover Range Rover in Northbrook, IL or a Land Rover Discovery? You have come to the right place. Here at Land Rover Northfield, we have a vast inventory of new Land Rover SUVs for sale near Chicago. One question that we seem to get a lot from our customers is whether they should buy or lease. It helps to understand your driving habits when thinking about that question, and today we are going to share a few key pieces of information.
How much you drive in a year is a major influence on if you should buy or lease a luxury SUV near Winnetka. If you are someone who travels a lot, upwards of 15,000 miles or more, buying may be a better option. In leasing agreements, a mileage cap is included, limiting the amount of miles you can drive on a yearly basis.
Probably the biggest thing to consider when deciding whether to lease or buy is the monthly payment. When you buy a new car, your monthly payments tend to be higher, but with each payment you make, you are closer to owing nothing. Once you owe nothing, you completely own the vehicle. Leasing means lower monthly payments and a lower down payment, which is a plus, but you won't outright own the vehicle, even when the lease is over.
And sometimes customers prefer that! Lessees enjoy the flexibility and affordability that come with a lease agreement. Whether you’re on a budget or if you’re unsure of what kind of vehicle you want long-term, a lease is a perfect alternative.
There is a lot to go over and consider. Our professionals here at Land Rover Northfield are eager to help you get in a new SUV soon! Come in and see us or give us a call at (888) 814-6772 if you would like more information.