Land Rover Northfield

670 Frontage Road
Directions Northfield, IL 60093

  • Sales: (847) 446-6665


  • Monday 9:00AM - 8:00PM
  • Tuesday 9:00AM - 8:00PM
  • Wednesday 9:00AM - 8:00PM
  • Thursday 9:00AM - 8:00PM
  • Friday 9:00AM - 6:00PM
  • Saturday 9:00AM - 6:00PM
  • Sunday Closed

Here at Land Rover Winnetka, one of the most common questions we hear from buyers is whether they should lease or buy their new Land Rover. We know that with a financial decision as big as buying a Land Rover, people want to be careful with their money and make the decision that fits their needs when it comes to how to finance their vehicle. Since there's no easy answer to this, there are many factors that go into this decision. Luckily for you, our team of Land Rover dealers can help you with this big decision.


When You Should Lease


Many times, drivers at our Winnetka Land Rover dealer decide to lease rather than buy. There are a number of reasons why people do this, but one of the main ones is the opportunity to save money. A lot of times, leasing requires lower down payments and lower monthly payments than buying, because you are only paying off the depreciation of the vehicle, rather than paying for its entire value. Also, if you're one of those drivers who gets the urge to own a new car every few years rather than hold onto the same one for ten years or more, leasing is probably the way to go. Once your lease is over, all you need to do is head on down to your Winnetka Land Rover dealer, turn it in, and lease a new one!


When You Should Buy


Obviously, leasing also has its disadvantages, with the main one being that you don't actually own the car. What this means is that your monthly payments are not actually going towards ownership of the car. As a comparison, think of owning a house versus renting. There's that sense of satisfaction that you get when your new car is completely paid off and it is truly yours. This is also an advantage in the case that you change your mind about the car and wish to sell it. When leasing, you have to pay a termination fee, but this doesn't happen when you buy.


Another case in which you'll want to consider buying is if you drive more than 15,000 miles per year. With a lease, you are often charged extra if you end up driving more than the amount that you agreed on. Finally, buying is often a better choice if you have kids, pets, or think there's a chance you'll be inflicting damage on the interior, as leasers often charge fees for damaged vehicles.


Financing a Land Rover in Illinois


While these are all factors that should be taken into consideration, you may still need additional advice. After all, sometimes it's best to talk to somebody when making a decision this big. That's where our Finance Center comes into play. The team at our Illinois Land Rover dealer's financing department will listen to your concerns and individual needs and help you make a well-informed decision. Once you've made up your mind, we can help you get started on the paperwork. Or if you already know what you want to do, you can simply fill out the application on the finance center page. Of course, you can also check out our finance specials to see if there are any good deals out there for you.


With all this new information under your belt, you should be better equipped to make the buy or lease decision. When you know what you want to do, all you need to do is come visit our 80 Green Bay Road Land Rover dealership to talk to one of our helpful and friendly representatives.