Leasing vs. Buying at Your Ford Dealership

When you’ve decided on your next Ford, you have the choice between leasing vs buying. They’re both good options, and the best choice for you depends on your needs and situation. As your Ford dealership, we’re here to help you with whichever option you choose. To help make your decision easier, we want to tell you the benefits of both choices.

Advice From Your Ford Dealership: The Choice Between Leasing vs Buying

Leasing

When you lease, you complete a lease agreement for the Ford you want for three to five years. You choose the deposit you want to make, and you pay monthly installments. At the end of the lease agreement, you can buy the vehicle, extend your lease, or start a new lease for a different Ford. Leasing benefits include:

No Maintenance Charges

All regular maintenance is performed for free for the duration of the lease agreement. This saves you money as you don’t have to budget for these costs.

Lower Monthly Charges

Monthly installments for leasing are lower than monthly installments on a car loan, which also reduces your costs.

More Bang for Your Buck

Since leasing costs are generally lower, you can choose a higher-trim than you may have been able to purchase.

Tax Incentives

If you’re using your Ford for work, there can be tax advantages your accountant will be able to advise you about.

Hassle-Free Upgrade Option

When your lease is up, you can choose a new lease and a new car without worrying about trade-in values or finding a buyer for your old car.

Buying

When you buy, you purchase your new Ford for cash or through finance. It becomes your property. Other benefits of buying include:

Ownership Rights

You can later choose to sell it, donate it, give it as a gift, or trade it in toward a newer model.

No Mileage Limitations

When you lease, your agreement includes a fixed monthly or annual mileage. If you exceed this mileage, you must pay for additional miles traveled.

You Can Customize

As the owner, you can add any accessories you want, which isn’t an option when you lease. A leased vehicle must be returned in the same condition it was leased, aside from natural wear and tear.

Lower Cost for Cash

If you have a lump sum of cash, you save money by buying your new car, as you won’t have to pay interest. These savings can add up if you calculate the total over the three to seven years of a finance agreement. You can pay a lease agreement in full when it starts, but that doesn’t reduce its cost.

If you’d like to know more about leasing or buying, contact our finance department today at Ewald’s Hartford Ford in Hartford, WI.

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