If you want to drive a Jaguar luxury car, you’ll need to consider either taking out a loan or signing up for a lease. This guide goes over both Jaguar financing and leasing and how they differ from each other. Trust the experts at Jaguar Northfield to help you choose the right option.

What is Financing?

If you want to own a car but don’t have all of the money on hand to buy one outright, financing is a great option. This allows you to put up money for a down payment and then take out a loan to cover the difference. You will then pay back this loan, along with interest, over a designated period. Since you own this car, you can customize it to your heart’s content and pack on as many miles as you want.

What is Leasing?

With leasing, instead of owning the car, you’ll essentially rent it for a few years. Once you decide on a lease term, you will then drive the car for that period. Once the lease is up, you will then have to return the vehicle to the dealership. At that point, your options include signing a new lease for the same car, leasing a new vehicle, or buying the car. Because you don’t own the car, you can’t customize it and your yearly mileage is limited.

Which is the Better Option?

To figure out if financing or leasing is the better choice for you, consider your needs and budget. If you don’t want to have to worry about giving your car back, financing is the better choice. This also allows you to make customizations and drive as much as you want. If you like the idea of having a new model every couple of years and don’t drive a ton of miles, leasing is for you. This is also generally the less expensive option compared to buying.

Make the Best Choice at Jaguar Northfield

Not sure whether to buy or lease? Visit Jaguar Northfield today and we’ll help you find the best option to fit your lifestyle. While you’re here, take a test drive in a Jaguar luxury vehicle!