A Range Rover lease is a cost-effective car financing option. With a car lease, you can drive a new or used vehicle for a set period and distance, making it an ideal choice for those who want to enjoy the luxury of a Range Rover without breaking the bank. Find answers to commonly asked leasing questions from our Land Rover Jacksonville finance department.
What Are the Benefits of Leasing a Vehicle?
Leasing a vehicle provides a better financing alternative with lower upfront and monthly expenses. Leased cars are under warranty, which reduces maintenance costs. At the end of the lease period, there are no concerns about reselling because the vehicle is returned.
How Long is a Lease?
The average lease length varies from 12 to over 60 months. The lease period can be negotiated when going over the lease contract, but the most popular terms are between 24-36 months.
Can I End My Lease Early?
Terminating a car lease before the end of the lease term is possible with some companies. However, it is essential to note that an early termination fee may be required, which will be specified in the lease terms when finalizing the agreement.
What Are My Options After My Lease Ends?
There are multiple options lessees have at the end of a car lease. They include:
- Buy out the lease
- Return the car
- Extend the lease
- Use the vehicle as a trade-in
Are There Different Types of Leases?
There are two types of car leases: open-ended and closed-ended. An open-ended lease has no mileage restrictions, but the lessee is responsible for the difference between the car’s residual and actual value. A closed-ended lease has fixed lease terms and mileage limits, with the leasing company responsible for additional vehicle depreciation at the end of the lease.
Learn About Your Rand Rover Lease Options in Jacksonville, FL,
Are you looking for the best advice on leasing a Range Rover? Visit Land Rover Jacksonville and speak with one of our finance department experts. We're here to help you find the perfect Land Rover vehicle. Visit us today!