Land Rover Jaguar Thornhill

Leasing vs. Financing

Which is the best choice for you or your company leasing or financing your Jaguar or Land Rover?

Sometimes leasing could be the best option for one person, it might not be right for another. When you lease a vehicle, you are basically purchasing the use of that vehicle for a set time frame. You are not classified as the registered owner of the vehicle, however you are responsible for the vehicle's maintenance and all other incidental costs involved with ownership (insurance, licensing, etc?). You're also subject to conditions regarding the distance you can drive the vehicle without penalty, over all condition of the vehicle, etc?

Is a lease the right choice for me?

Ask yourself the following questions before making the decision to lease:

• Do you want to own the vehicle? With a lease, as stated you are not the owner. Once again you pay for the use of the vehicle for a specific period, typically 36 or 48 months. However, you are responsible for its condition both mechanically and over all condition. If you have concerns regarding lease end condition either dependent on how you maintain your vehicle OR want to cover yourself for unexpected damage, inquire about our Safe Lease program which will cover you up to $5000 in damage on lease return. Also at the end of your lease, if the lessee is not satisfied the vehicle has been maintained to the manufactures specification or there is damage to the vehicle that exceeds "normal wear and tear", you could be penalized.
• How far do you drive annually? Kilometer allowances set the residual value of the vehicle and help determine this value when calculating the monthly payments. Typically kilometers in excess of the allotted amount will be charged at the lease return unless you opt for the "buyout" option. If you tend to drive beyond the limits stated in the Offer to Lease - anywhere from 16000 to 30000km per year. If you plan to exceed this you should consider conventional financing as your best option.        
  
• How do I know a lease is right for me? Typically if you are the type of person that enjoys a new vehicle every few years, always likes to be under warranty coverage, likes to drive a more expensive vehicle at a lower payment and has driving requirements that fall in line with kilometer allowances, a lease is probably right for you. Feel free to ask for advice on if a lease is right for you. I will provide an unbiased fair evaluation on your personal situation and whether you would be best with either a finance or a lease.

Is a finance the right choice for me?

Ask yourself the following questions before making the decision to finance:

• Do you want to own the vehicle? With a finance, you own your vehicle, you have no limits on the amount of kilometers you choose to drive, high or low. With a finance you also are free to sell the vehicle at any point (provided you clear the lien). You can also modify, change or add anything you want to the vehicle as you wish, which you are very limited to do with a lease.
• How far do you drive annually? If you are a very low kilometer driver sometime a finance can workout best for you because manufacturers will only set a residual to a certain peak even if you only were to put on 1000 kilometers per year. Alternatively, if you were to drive 40000 kilometers per year you are free to do so without penalty.
• How do I know a lease is right for me? Typically if you are the type of person that takes pride in ownership, does not drive typical kilometers (either excessively high or excessively low), typically holds on to your vehicle for more than 4 years and or enjoys modifying your vehicle, a finance could very well be your best choice. If you are this type of driver possibly an extended warranty would appeal to you to have worry free, factory warranty coverage for up to 10 years! Feel free to ask for advice on if a finance is right for you. I will provide an unbiased fair evaluation on your personal situation and whether you would be best with either a finance or a lease.