Should I Buy or Lease My Next Ford?

If you're looking for a new Ford, you're going to have to pay for it. As much as we'd like to, we can't give away cars for free. You also need to decide which payment plan is right for you: should you buy or lease? Both options have their pros and cons, and each is right for a different kind of driver. Our finance team will help you figure out the right choice for you, but here is a quick rundown of their differences.

Buying

  • Pay for the full price of the vehicle
  • No yearly mile limit
  • If you buy a vehicle, you can use it as a trade-in later
  • You can customize your vehicle as you see fit

Leasing

  • Drive the vehicle for a predetermined length of time, usually two or three years
  • Pay for the projected value depreciation over the course of the lease
  • Lowing down payment and lower monthly payments than buying
  • You have a yearly mile limit, and you have to pay extra for each mile you drive over the limit
  • Once your lease expires, you can return it and lease the newest model again

If you have any more questions, we have plenty of answers here at Fairway Ford. Stop on by today.

Categories: Finance
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