LAND ROVER LONDON
1035 Wharncliffe Road South, London, ON, N6L 1J9
VIEW OUR JAGUAR WEBSITE

Leasing vs. Buying a Land Rover in Canada: Which Option Is Best for You?

Leasing vs. Buying a Land Rover in Canada: Which Option Is Best for You?

OVERVIEW

To buy or to lease? That is the big question! The Shakespearean monologue can be applied practically to anything especially when you are mulling over your options for Buy vs lease Land Rover in Canada. he decision is rather simple. When you shop for your luxury SUV and decide to buy it, you are the owner of the vehicle. However, if you are planning to rent it, then you are leasing the vehicle. Now, you will undertake a Land Rover lease or purchase depending upon your driving preferences and, of course, the Land Rover financing options. Landrover of London is one of Canada's most trusted dealerships, providing comprehensive overviews of all Land Rover vehicles.


View Inventory
Book a Test Drive

BENEFITS OF BUYING YOUR LAND ROVER

  • For one the vehicle is completely owned by you -- you can make your payments according to your budgetary preferences and financing. It is always preferable to own the vehicle and get the flexibility of using it whenever you want.
  • Your customized vehicle will be free from any mileage restrictions and you can commute longer distances. This is fruitful especially if you have to drive far for work.
  • An outright buy means you can sell the vehicle in the future as long as it is maintained appropriately.
  • Buying a new Land Rover means customizing it according to your needs. Leasing does not offer with this option.
  • Buying your own Land Rover means you can customize it by adding parts that could contribute to the longevity of the vehicle. Leasing the car would mean making limited or no changes.
  • Over time, your initially expensive vehicle will have no monthly payments due because you would have paid your loan. This will drastically improve the efficiency of your movement with minimal overheads.
  • There are several Land Rover financing options available, which are simpler than the leasing process. Even when your vehicle is on a loan, you can refinance it so that you get a lower interest rate.

BENEFITS OF LEASING

  • Affordability is one of the primary reasons for leasing a vehicle instead of buying it outright. A percentage of the total price is shelled out for driving a fantastic luxury SUV. You get to use the vehicle with its state-of-the-art technology and even upgrade after a while.
  • Lease agreements designed to allow you to get a new vehicle or keep your current vehicle for a longer period offer easy trade-in options.
  • Your monthly lease payments are lower than financing repayments. Besides, you don't have to give away a large down payment.
  • Warranty coverages on lease vehicles are bumper-to-bumper, and the costs of excess wear do not bear down on you.
  • You may also want to know that the lowest leases are for cars that can retain their value even after the lease term is over.
  • Finally, if you are not eligible for an auto loan, it is best to lease the vehicle.

FAQs

 

What are the potential benefits of choosing a Land Rover lease over buying in Canada?

When you choose a Land Rover lease in Canada, you can benefit from lower down payments, sales tax, and rentals.

What are the potential drawbacks of leasing a Range Rover in Canada?

Leasing a Range Rover in Canada could attract additional fees, mileage restrictions, and early termination penalties.

What are the typical Land Rover financing options available in Canada if I choose to buy?

If you wish to buy a Land Rover, Canada has a range of financing options. Check with our dealership for more information.

How do Range Rover lease deals in Canada typically work?

You could drive a new vehicle without a down payment or loan approval for an agreed monthly rate.

Contact Us

For more information about leasing or buying the best car for you, reach out to our experts at a Land Rover dealership near me. Visit our Landrover of London showroom to browse some of the best vehicles for lease and buying.

ajax loader2