Thinking of buying a new vehicle? More interested in leasing a vehicle? Wondering what the major differences between the two are? Check out our overview below!

Lease

Hesitant about buying a new vehicle because you unsure if you want to commit to a single vehicle? Here at Land Rover Norwood, we understand how you feel. That's why we offer Boston area drivers vehicle leasing options. Usually lasting between two-four years, leases provide Brookline drivers with a temporary vehicle solution. Paying for a lease is divided into a few different sections: up-front costs, monthly payments, and end-of-lease costs. Up-front costs include payments like first month's payment, a down payment, an acquisition fee, registration, and a refundable security deposit (plus a few other fees). Your monthly payment is usually determined by the monthly depreciation rate of the vehicle; plus, rent charges, fees and taxes. At the end of a lease drivers can choose to continue leasing the same vehicle, choose a new vehicle to lease, or buy the vehicle. Leases are usually limited by the number of miles you can drive per year (if you go over your mileage limit, charges may apply).

Highlights
  • Limited time commitment
  • Can lease a new vehicle when lease ends
  • Can (often) opt to purchase your leased vehicle

Buy

Buying allows Quincy or Newton, MA drivers to purchase a vehicle to fully own - no mileage limits. Drivers can either buy the vehicle outright by paying the full price upfront or establish monthly loan payments. Drivers can also trade in a vehicle to lower the overall cost of the vehicle.

Highlights
  • No mileage limit
  • You will fully own the vehicle (unlike when you lease, the dealership owns the vehicle)
  • Can modify your vehicle as you see fit

Interested in learning more about the differences between buying and leasing? Visit Land Rover Norwood to talk with an in-house finance expert! Our team is ready to help drivers find an auto loan, leasing deal, or finance package! Stop by Land Rover Norwood today!

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Contact

Land Rover Norwood

449 Neponset Street
Directions Norwood, MA 02062

  • Sales: (781) 619-9000
  • Service: 781-619-9000
  • Parts: 781-619-9000

Hours

  • Monday 8:30 AM- 7:00 PM
  • Tuesday 8:30 AM- 7:00 PM
  • Wednesday 8:30 AM- 7:00 PM
  • Thursday 8:30 AM- 7:00 PM
  • Friday 8:30 AM- 6:00 PM
  • Saturday 8:30 AM- 5:00 PM
  • Sunday Closed