If you’re looking for the premier rugged luxury vehicle, your search begins and ends with a Range Rover. Now you just have to think about buying it, and this guide goes over the Range Rover finance process. Join the experts at Land Rover Waukesha to learn how to finance a luxury SUV.
Start with the Application
Applying for financing is simple. All you have to do is fill out our online application to get pre-approved for your loan. Once that is squared away, it’s time to focus on three other key areas.
Down Payment
The first thing to consider is how much money you have available immediately for a down payment. You should aim for 20 percent, but as much as you can supply is a good idea. If you’re replacing your old car, it could still have great trade-in value.
Loan Term
Now it’s time to focus on the length of the loan, and these can be short- or long-term. If you want to pay it off fast, a short-term loan will do that, but it will raise your monthly payments. A long-term loan will reduce them, but you will end up paying more in interest. Somewhere in the middle is probably your best bet.
Monthly Payment
When it comes to your monthly payment, a good rule is to not pay more than 10 percent of your income. And this should account for all car-related expenses; in addition to the payment, this includes insurance, gas, and maintenance.
Get the Financing Process Started in Waukesha, WI
If you’re ready to get the ball rolling with financing your Range Rover, you can fill out our application. Or, if you’d prefer, visit Land Rover Waukesha to speak to one of our finance professionals.