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Car Features


Driving the Evoque: to lease, or to finance?

9 Nov , 2016  

It’s no surprise that you’ve come to the conclusion that the Range Rover Evoque is the car for you. The Evoque is sharp, sexy, and tows a whole host of fantastic reviews down the catwalk.

It offers style, personality and ability in spades, and it sings of class and refinement.

Getting behind the wheel of the Evoque, however, first requires a quick spin around the maze of financing options.

For the purposes of this comparison, we’ll be focussing on the Range Rover Evoque 2.0 TD4 SE Tech 5dr Auto. Bought new for £37,400.00, the upfront cost is out of reach for most of the car’s many appreciators. Evoque Leasing and PCP finance options, however, put this classy vehicle well within reach.

 

2015 Range Rover Evoque Autobiography 4WD Review - Muddy - Carwitter

 

Range Rover Evoque Leasing

A lease is a contract between you and the dealer who gives you the car to drive. The agreement set out in the contract will include the timescale of the lease, the number of miles you will be able to cover, and a price plan including an initial deposit and regular monthly payments.

It will also specify the condition that the car should be in at the end of the contract. When your Evoque’s leasing contract comes to an end, the car is returned to the dealer without any further involvement from you. If you want to drive another new car, you’ll sign on for another contract – simple!

2015 Range Rover Evoque Autobiography 4WD Review - Front Scene - Carwitter

 

With leasing contracts usually lasting from one to three years, price plans will depend upon the car’s purchase price, your leasing period, expected mileage, and depreciation.

Leasing contracts are often much more affordable than a Personal Contract Purchase (PCP) agreement, especially if you intend to keep the car only for a short while or to change cars fairly regularly.

This is because once returned, the car will be sold on – an older car with greater mileage will be harder to sell and command less of a price, so this is reflected in the lease cost.

 

2015 Range Rover Evoque Autobiography 4WD Review - Front Angle - Carwitter

 

At the end of a leasing contract – providing the car has been taken care of – you shouldn’t be liable for any added costs. If you find that you want to move on from the contract midway, then first check the contract to see where you stand.

 

2015 Range Rover Evoque Autobiography 4WD Review - Off Road Scene - Carwitter

 

Why choose an Evoque lease package?

Choosing to lease the Evoque means enjoying a simple, straightforward driving experience. You’ll provide a fixed payment each month, and in return most of your motoring outgoings are all consolidated into one cost.

Additionally, you’ll avoid the steep deprecation that any new car will suffer from. Thankfully, this depreciation won’t be yours to deal with – the dealership, at the end of your contract, will sell the car on for whatever it’s worth after you have benefitted from its youthful years.

 

2015 Range Rover Evoque Autobiography 4WD Review - Front - Carwitter

 

In the long run, the cost of an Evoque lease will often come in under the cost of the depreciation on a new car.

Once considered with all of the other benefits of leasing over car ownership, it’s easy to see why this method is gaining traction.

 

2015 Range Rover Evoque Autobiography 4WD Review - Rear Badge - Carwitter

 

When is an Evoque PCP the best option?

A Personal Contract Purchase – or PCP plan – can sometimes be the best option for Evoque enthusiasts who enjoy owning their own vehicle.

It can also provide benefits to those who drive long distances on a regular basis or those who would like to keep the car for a significant number of years. In those instances, leasing can become quite costly, although the practicalities of leasing still stand.

 

2015 Range Rover Evoque Autobiography 4WD Review - Dashboard - Carwitter

 

If you’re likely to exceed your annual mileage, or to return the car in a poor condition due to the nature of the driving you are likely to do, then leasing may not be for you.

A PCP plan for the Evoque will avoid having to pay any penalty charges for damage to the car.

Ultimately, the decision to lease or secure a PCP plan for your Evoque will come down to personal preferences regarding the kind of driving experience you intend to have.

PCP agreements often give you the option to make a final balloon payment to keep the car for longer, or to own it outright, but this might not always be practicable with a leasing contract.

 

2015 Range Rover Evoque Autobiography 4WD Review - Wing Badge - Carwitter

 

The cost rundown

The cost of driving your new Evoque will of course be a key consideration. Check out the summary below to see how Land Rover’s PCP package compares to our leasing plan.

 

Bought new for £37,400.00, the Evoque 2.0 TD4 SE Tech 5dr Auto is available from Land Rover on a 37 month PCP contract with an annual mileage of 10,000 miles, for the following costs:

  • Customer deposit of £8,730
  • Purchase fee of £10.00
  • 36 monthly payments of £399.00
  • Final payment of £19,277.00
  • Total payment of £42,371.00

 

Leased from Vantage Leasing, the Evoque 2.0 TD4 SE Tech 5dr Auto is available on a comparable 36 month personal contract (business contracts and 24, 48, and 60 month options also available), with an assumed annual mileage of 5,000 miles, for:

  • 36 monthly payments of £409.64

To find out more about what is available to you, please feel free to contact Vantage Leasing on 0161 434 4321 and check out the models and leasing options available here.

 

2015 Range Rover Evoque Autobiography 4WD Review - Rear Scene - Carwitter

 

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Hey, we have to pay for the running of the site somehow. So this post, whilst being superbly written and informative is a paid for article.



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