Leasing a Range Rover
Leasing a Range Rover
When you buy a car, you’ll be paying for the entire cost of a vehicle. Some people are able to pay upfront, while most will need to begin a payment plan to repay a car loan, but even if you pay in increments, you still pay the full price of the car. When you lease a car, it’s yours to use for a set amount of time as you pay a portion of the car’s value each month. That way, you’re only paying for the time you use the car. Should I buy a new car or should I lease? The options can be confusing. This blog by Pfaff Leasing should help you decide if leasing a Range Rover in Vancouver is the right choice for you!
Leasing a car is much cheaper than buying it outright, because you’re only paying a percentage of the total price. You won’t have to worry about fetching a good price or finding a buyer for it when you’re done, as the dealership will take it back from you. If you like to have the newest gadgets in your car, leasing may be your best bet, as you can regularly upgrade to drive the latest models. You may also be able to drive a fancier car than you could normally afford.
Who really owns it?
The institution through which you are leasing the car retains ownership. You’re essentially renting the vehicle. Your contract will state you’re using the car for a set amount of time in exchange for a set amount of money.
Any upfront costs?
A lease doesn’t typically require a down payment, but you will have to provide the first month’s payment along with a security deposit, acquisition fee, and any other applicable costs. It’s possible to lower the amount of your monthly payments by increasing your initial fee.
What happens at the end of the lease?
You usually just return the vehicle when your lease ends. However, you may be able to purchase it during or after the term of your lease, or trade it in before the term of your lease is over. If you think you might want to employ any of these options, your Pfaff Leasing representative can walk you through the process.
If you are looking for a high-end luxury SUV to lease in Vancouver, then a Range Rover could be the vehicle for you. Pfaff Leasing can get you behind the wheel of one today! We encourage you to browse through our inventory so that you can stay up to date with the vehicles we have in stock. Click here to find our contact information or to speak with a representative!