Land Rover Car Leases
Leasing a Land Rover car is a great way to get the transportation you need. For a fraction of the price of purchasing a car, you can enjoy the benefits of having a new car. Car prices are rising, so leasing may be the best and only way to afford the vehicle you want and need.
Leasing a Land Rover car has another cost advantage. Lease agreements usually end before the car will need any major repairs. This benefit can save you thousands of dollars. What’s more, leased cars come with a manufacturer warranty. This means that if the car does break down, the repair costs are taken care of.
What Does Leasing a Land Rover Car Involve?
You need to be aware of several things when considering leasing a Land Rover car. The points below will inform you of the most important aspects:
Your Payments Reflect the Car’s Value.
The sale price of the Land Rover car is proportional to the amount of your monthly lease payment. The higher the retail value, the higher the monthly lease payment amount. Choose a car with a lower value if you want lower monthly payments.
Higher Residual Percent Saves You Money.
Monthly lease payments have a residual value percentage factored into them. This amount covers the car’s depreciation while you are using it. In order to get the lowest monthly payment, you need a car with the highest residual percentage.
Understand Your Set Miles.
Your lease agreement will state the number of miles you can drive each month that corresponds with your monthly payments. If you drive over this agreed limit, you will be charge a fee based on the number of additional miles you drove. Before signing the lease agreement, be clear on the number of miles you are paying for. Be aware of what you will be charged if you drive more than the specified number of miles.
Expect a Disposition Fee.
Most Land rover car lease agreements include a disposition fee that must be paid when you return the vehicle. The amount is usually between $300 and $500 and is in addition to the monthly lease payment.
Understand What Money Factor Means.
The money factor, also known as the lease factor, has to do with the annual percentage rate (APR) of interest charged on the lease. The lower the money factor, the lower the amount of interest you will pay.
Is it Better to Lease or Buy a Car?
For some situations, leasing a car is a better option than buying. If you have read this far, you are undoubtedly considering leasing. Before making a final decision, be clear on the difference between leasing and buying the car. Land rover offers great leasing options. Zoomr encourages you to feel completely familiar with all your options before you sign any paperwork.
You Won’t Own the Land Rover Car
When you buy a car, it is yours even while you are making car payments. On the other hand, when you lease a car, it always belongs to the lender – no matter how many payments you make.Land rover lease agreements allow for lower monthly payments than purchase agreements. However, you can never sell or mortgage a car that you are leasing.
Leasing Cuts Down Up-Front Costs
When you buy a car, you normally have to make a down payment or trade in another vehicle. However, when you lease a car with Land rover, you do not need a down payment or a trade in. What you do need to pay is a security deposit, an acquisition fee, the first month’s lease payment and some taxes. If you want to lower your monthly payments, you can increase the amount you pay up front but this is optional and entirely up to you.
No Need to Worry About Selling Land rover Car Leases
If you own a car you want to get rid of, you must deal with the hassles of selling it. You will be asked for maintenance records and expect to go through a negotiation process. However, when you get a Land Rover lease car, you avoid all of these annoyances. When you are done with a leased vehicle, you simply return it and pay the fees that are due when the lease is ended.
When you are buying a car, you own it completely after you make the last payment. At that point, you receive the title to the vehicle and you are free to keep it or sell it. However, leasing is different in that you will never receive the title to the car and you are not allowed to sell it. The exception is when you make an agreement with the leasing company to purchase the car. Otherwise, you must give the car back when you are done with it or when the lease agreement has ended.