When it comes time to get a new vehicle, one of the biggest decisions is whether to finance or lease. Both options have their advantages, and the right choice depends on your individual needs and preferences. At Land Rover Cape Fear in Wilmington, NC, our knowledgeable finance team is here to help guide you through the process.
Benefits of Financing
Financing a vehicle means taking out a loan to purchase it outright. You'll make monthly payments on the loan until it's paid off, at which point you own the vehicle. Many of our customers in the Hampstead, NC area prefer financing for the sense of ownership it provides.
When you finance a vehicle, you're free to drive as many miles as you want without worrying about penalties. You can also customize the vehicle however you like. And once you've paid off the loan, you'll have a valuable asset that you can keep, sell or trade in.
Advantages of Leasing
Leasing a vehicle is essentially renting it long-term. You make monthly lease payments for a set period, typically 2-3 years. Leasing is a popular choice for many drivers in Jacksonville, NC because it usually means a lower monthly payment compared to financing.
With a lease, you can enjoy driving a new vehicle every few years without the commitment of ownership. Leases also often include maintenance, so you have fewer out-of-pocket expenses. And if you use the vehicle for business, a portion of the lease payment may be tax deductible.
The Financing and Leasing Process
Whether you choose to finance or lease, the process starts with a visit to our finance center. Our team will review your credit history, income and budget to determine what you qualify for. We'll then help you explore your options and find the financing or lease package that best fits your needs.
Contact Land Rover Cape Fear Today to Get Started
Still not sure whether financing or leasing is right for you? Visit Land Rover Cape Fear and speak with our experts. Customers come to us from as far as Myrtle Beach, SC because they know we offer a transparent, low-pressure financing experience. We take pride in our status as a resource for customers in Morehead City, NC and more.