Buying or Leasing Your New Ford: Which is Better?

A popular quote says that if you can't explain something simply, you don't understand it well enough. And that may be why so many people have a hard time figuring out the pros and cons of leasing or buying a new car.

Fortunately, we are so well-versed in the intricacies of the process of leasing a new Ford vehicle that we've helped thousands of drivers in Albertville, Boaz, Guntersville, Scottsboro, Arab, and Fort Payne take control of their finances and find a plan that works for them. When it comes to leasing vs. financing, it's less a matter of which is better in general, but which is better for you.

Read below to see our lease vs. buy comparison. Check out some of the pros and cons of each. Whichever option you choose, though, you'll still be getting into a great new Ford Explorer, F-150, Ranger, or Escape.

Not sure how much you can afford? Figure payments using out easy online approval tools built right into each vehicle page so you'll be able to see what type of loan terms or leasing rates that you're qualified for or fill out a credit application and allow our experts to assist you along the way. Knowing what you can do is a big part in what is best for you.

Leasing a Ford: Newer is Always Better

You should lease if:

• You want to pay less per month to drive a brand-new car

• You drive between 10,500 and 19,500 miles per year

• You tend to take good care of your vehicles

• You want to drive a better equipped vehicle for the same (or less) money

• You want to trade into a new model every few years

 

You should not lease if:

• You drive in excess of 20,000+ miles per year

• You put your vehicle through excessive wear and tear

• You intend to keep your vehicle for a very long time

 

Buying a Ford: A Smart Investment

You should buy if:

• You like the confidence and security of owning your car outright

• You like to drive the same car for many years

• You are rough on your vehicle and don't plan to change that

• You want to use your payments to build equity, rather than to pay vehicle depreciation

 

You should not buy if:

• You can't afford to pay for full financing

• You want to upgrade to a new car every few years easily

 

You may already know exactly which option is going to be best for you, but if you don’t or you have a full page of scribbled notes of the pros and cons with question marks, we can help. Let our qualified Financial Experts assist you in making the best decision for you. They are always happy to answer any questions that you may have about your options.

We will keep it simple, so you can feel good about the decision that you make. Give us a call to schedule an appointment, or swing by during business hours.
 

*assets in image above is attributed to Freepik