Lease vs. Buy
Lease vs. Buy
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Should You Buy or Lease Your Next Ford?
If you're gearing up to drive home in a new Ford, there are a couple of paths that you can take to meet your goal. For some drivers, buying a new car makes the most sense because they enjoy the freedom of ownership. Others prefer leasing a new Ford because it offers unique opportunities to save on monthly payments and stay up to date on the latest tech features. So, which one is right for you?
There's no wrong answer, but understanding the benefits of buying versus leasing can help you choose the route that works best for your needs.
Why Buy a New Ford?
Buying your next car, truck, or SUV might be the best option for you if you:
- Want to own your vehicle. Once your car is paid off, it's yours, and you are free to customize it, modify it, drive it with no mileage restrictions, sell it, and otherwise do with it what you will.
- Want to be able to trade your car towards a new vehicle. Owning your car means that you can put its trade-in value towards something else.
- Expect to drive many miles. Owning your car means you don't have to adhere to mileage restrictions, which is ideal if you make long commutes.
Why Lease a New Ford?
You might prefer to lease your next new Ford vehicle if you:
- Want lower monthly payments. Monthly lease payments are typically lower than loan payments.
- Want to keep up with tech and safety features. Leasing gives you the opportunity to drive a new car every few years, allowing you to stay current with technological advancements.
- Want to avoid trade-in hassles. When you lease, you can seamlessly transfer to a new vehicle at lease-end if you so choose, and you don't have to worry about trading or selling your ride.