Welcome to Land Rover San Diego – your premier Southern California Land Rover and Range Rover dealer. We have an excellent selection of vehicle leasing options available for you on a wide range of models, from the compact Land Rover Discovery to the full size and full featured Range Rover, allowing you to find the perfect luxury SUV for you. Through both our great available leasing deals and our versatile end of lease options, leasing a Land Rover or a Range Rover from Land Rover San Diego makes enjoying a new Land Rover vehicle a breeze from start to finish.
Leasing a car is not much different from financing one, except that you are not making payments against the full value of the car. You only pay for the difference between the car’s sale price and its future value – how much it is expected to be worth at the end of the lease. This is frequently a much better decision than purchasing the vehicle, since the much lower monthly payment allows you to put your money to other productive uses, while the guarantee of future value can protect you from market fluctuations and shield you from depreciation.
So what happens once your lease term is over? The simplest option is to simply return the car and get another lease on a similar or different Land Rover or Range Rover. This allows you to continue paying a low monthly payment while enjoying a brand new vehicle again. It also gives you the flexibility to try out different vehicles or upgrade to a new options set. And if your car’s market value at the end of the lease is higher than the guaranteed future value, also known as the residual value, then the difference can be put towards your next lease for an even lower payment. If it is lower, however, you are not liable; simply return the vehicle and lease another.
Another great option, if your leased vehicle’s market value exceeds the guaranteed future value set at the start of the lease, is to purchase the car. You get to keep driving the same car you’ve fallen in love with and have the option to buy it at the initial future value price, which can often be a huge savings over the market price of a similar used vehicle. In addition to the built-in savings, you also know its maintenance and driving history since you were the one driving it.
Finally, you can return your lease and purchase a different new or pre-owned Land Rover or Range Rover. Similar considerations apply as getting another lease: if your car is worth more than the lease residual value, then the balance can be put towards a down payment for a new vehicle, giving you either savings off of the purchase price or a lower monthly payment. This is a good option if you want to change to a more long-term car ownership experience or want to take advantage of a great purchase deal or interest rate.
Land Rover San Diego offers you excellent end of lease options to choose from, allowing you to choose the one that fits your lifestyle best, which is what makes our leases so attractive. So get in touch with us today to find out more about leasing and the different options available. Call us or visit in person and we will be glad to tell you all about it!