Should I Buy Or Lease My Next Ford?

Many drivers who are shopping for their first car ask whether leasing or buying is a better option. And the answer really depends on your financial situation, driving habits, and personal preference. To help our customers decide which financial avenue is best for them we have highlighted the pros and cons of leasing and buying.

  • Pros of Leasing:
  • Less sales tax
  • Lower repair costs due to included factory warranty
  • Lower monthly payments
  • Drive a better car for less money
  • Easily transition into a new car every two or three years
  • Cons of Leasing:
  • A limit on how many miles you can drive each year
  • You will always have a monthly payment
  • Fees at the end of the lease if there are damages
  • You don't own the car and can't make special modifications
  • Pros of Buying:
  • Can make special modifications to your car
  • Save money in the long run when the car is paid off
  • More flexibility when you want to sell the car
  • Drive as much as you like with no limits on miles
  • You own the car instead of "renting"
  • Use the car as trade-in value on your next car
  • Pros of Buying:
  • A higher down payment
  • Higher monthly payments
  • You are responsible for maintenance costs

Feel free to stop by the dealership and speak with a member of our financing team who would be happy to go over your options.

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