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Car Loan & Lease Department - Peabody, MA

Finance and Lease Department

At Land Rover Peabody, we simplify the process of getting a car loan or lease on your vehicle. We make it our mission to inform you of the options available to you at point of sale. When you join the Land Rover Peabody family, our finance department will be prepared to assist you with any questions you have regarding your purchase.

The Land Rover Peabody finance department can assist you with the following to streamline your entire purchase:

  1. We can arrange & secure the lease or car loan for your Land Rover
  2. A complete presentation of finance and lease options available
  3. We have established an excellent rapport with our lenders throughout the years we are able to get you the best available financing. Work with financial institutions to get you the best rates
  4. We provide a full explanation of available extended warranties
  5. Assist in the process of insuring your vehicle
  6. Working with the Registry of Motor Vehicles to obtain license plates (and specialty plates) and registration
  7. We can provide and educate on the benefits of affordable appearance protection packages with items such as Autobahnd, Lojack Vehicle recovery, and interior/exterior protection applications.

Lease-End Friendly Dealership

No matter where you leased your Land Rover, we make it easy to turn in your lease, even if you choose not to re-lease a brand new Land Rover! Our complimentary lease termination inspection gives you a custom condition report and recommendations such as paintless dent repair, minor scratch repair, interior and exterior detailing etc. This may save you significant money in lease end damage assessment charges. We also have numerous options that allow you to "early term" your current lease and upgrade into a New Land Rover or Range Rover!

We are also always seeking excellent condition used Land Rovers. Do you ever wonder what your current Land Rover is worth? We'd be happy to take a look at it and get you the highest dollar for your Rover.

Here you can use our online form to get a quick and accurate response on financing your next vehicle. Your financing information is encrypted in a super-safe digital format and is never sent through E-Mail.
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Contact Information

LAND ROVER PEABODY

247 Newbury Street

Rte 1N

Peabody, MA 01960
workSales:
978.535.9200

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Tip!

Loan payments contribute to the eventual ownership of a vehicle, while lease payments apply only to the short-term use of a car.

Tip!

Owning a lease vehicle is possible if purchased outright after the lease period ends.

A typical lease period runs between 24 and 48 months.

Tip!

Three important factors - adjusted capitalized cost, residual value and the money factor - determine the monthly rate of a lease.

Tip!

Closed-end leases set a fixed residual buy price at the beginning of the term, while open-end deals base the final buy price on a vehicle's actual market value at the end of a lease.

Tip!

Pay more money down initially to reduce monthly loan payments. Otherwise, a typical down payment ranges between 10 to 20 percent of the total cost.

Tip!

Many used vehicles require down payments of at least 20 percent and include interest rates between 9 to 10 percent.

Tip!

Lease agreements usually limit mileage from 12,000 to 15,000 miles annually. Beyond these figures, fees in the range of $0.10 to $0.25 per mile begin to accumulate.

If you plan on customizing your vehicle, you need to finance with a loan. Leased vehicles must be returned under factory specification.