Should I Buy or Lease?

When it’s time to start looking for a new vehicle to enhance your drives around Newark, you may start thinking about which financial path to take. When it comes to getting a lease vs. buying, you have to choose what’s best for you. Both have their benefits, but think about what you can afford and what you want in your next vehicle. Land Rover Wilmington has your look at the benefits of car financing and leasing, so you can make the right choice. Should I buy or lease? Find out now!

Benefits of Buying

• No Mileage Restrictions: If you do a lot of driving in and around the West Chester, PA area, consider buying, because without mileage limits, you can drive as much as you want.
• Total Ownership: When you own a vehicle, you can do what you please with it. There are no restrictions on how it’s modified, decorated, etc.
• Customization: As we mentioned above, when you own the vehicle, you can make cosmetic and mechanical changes to create the car of your dreams without restriction.
• Ability to Sell: You’re not locked into a lease agreement, so you can sell the car at any time.
• Financing Options: Financing a vehicle is more straightforward and open to those without great credit scores. Purchasing also allows you to refinance your loan to lower your interest rate and monthly payments.

Benefits of Leasing

• Lower Payments: Leasing a vehicle costs less (lower down payments or monthly payments) than it is for buying a car.
• Less Sales Tax: Most states have lower sales tax when you get a lease. Sometimes you just pay tax on the amount you put forth in the down payment and for the monthly payments.
• Trade-Ins: When the lease agreement ends, getting a new lease is simple. Visit Land Rover Wilmington to pay off the remaining fee, explore our lease offers and inventory, then drive away in your next Land Rover vehicle.
• Great Coverage: Warranty coverage and maintenance is stress-free. If any issues happen that fall under your warranty, and you didn’t go over the mileage limit, it’s covered.
• Options: With a lease, you can stay in the newest models that come equipped with the latest tech features each time you lease a new vehicle. There are lots of options, making it easier for you to find the model best suited for you.
• High Approval Rate: You may be denied for a car loan, but it’s easier to get approved for a lease, even for those with poor or no credit.

Find Your Next Vehicle at Land Rover Wilmington!

Once you have decided between getting a lease vs. buying and also know how to trade in your car, give our finance department a call to set up an appointment. Peruse our inventory of models like the black Land Rover Defender, check out what the Land Rover Defender lease has to offer, and our current incentives before visiting our dealership for a test drive. We can’t wait to help you find the vehicle that’s going to enhance your commute!