How to Lease a Car?

Perhaps you just found a brand-new Land Rover vehicle you’d love to drive around Minneapolis but aren’t ready to finance right now. Leasing a vehicle is a great alternative to financing, but how does leasing a car work? If you’re new to leasing or curious about your options, take a look at the ins and outs of leasing with Land Rover Richfield. After taking a look at our guide to leasing a car, reach out to our finance center to go over your options!

How Does Leasing a Car Work?

Leasing a vehicle is very much like renting a vehicle. You’re paying to use a vehicle for a certain amount of time. After that time is up, you’ll either return your lease vehicle to the dealership or extend your lease to drive the vehicle for a longer amount of time. How much you’ll end up paying depends on the kind of vehicle you lease as well as how much the vehicle will depreciate over the period of time you want to drive it.

Here are some important things to remember when leasing a vehicle:

• Mileage: When you lease a vehicle, you’ll be required to stay within a predetermined mileage limit. This means you can only drive so many miles per month during the time you lease the vehicle. Going over this amount can result in fees that you’ll have to pay when you return your lease vehicle. 

• Payments: Since you’re just renting a leased vehicle, the monthly payments are usually less expensive compared to financing a vehicle. That being said, there are plenty of new vehicle specials here at Land Rover Richfield that drivers can take advantage of to get an even better rate on their monthly payments.

• Lease Term: During the time you lease your vehicle, known as the lease term, you’ll be responsible for servicing and maintaining your Land Rover vehicle according to its recommended maintenance schedule. When you return it, you want to make sure that the vehicle is as close to factory condition as possible. To make sure you’re keeping up with service and maintenance for your leased vehicle, schedule service with our team at Land Rover Richfield!

What to Do Before Your Lease Term Ends

When your lease term is almost up you’ll need to make sure that you return your vehicle to our dealership near St. Paul. Here’s what you’ll need to do before you return your lease vehicle:

1. Take care of any issues that were discovered during your pre-inspection to avoid any penalty charges.
2. Certify your vehicle’s current mileage.
3. Clean the vehicle, and wipe your information from the information and entertainment systems.
4. Bring your lease paperwork, along with any records that show when and where you scheduled service.
5. Pay any remaining fees. A bill may take some time to arrive, but it’s best to save during your lease so you’re ready for any surprises.

Your Options at the End of Your Lease

When you return your lease vehicle to our dealership, you have plenty of options, including upgrading to a new vehicle. Here are the different options you’ll be able to choose from at the end of your vehicle’s lease term:

• Return your leased car and pick out a new vehicle.
• Extend your current lease.
• Buy the vehicle that you’ve been leasing.
• Return the vehicle and take your next steps elsewhere.

Hopefully, you have a better idea of how leasing a car works. If you have any other questions about how to lease a car or want to know what your options are, reach out to our finance center at Land Rover Richfield.

Lease a Land Rover in Richfield!

Contact us to learn how to lease a car from our inventory. We’ll go over your options and help you secure the best offer possible on any of our new Land Rover vehicles!