Leasing vs Financing a New Ford Vehicle

If you are researching or shopping for a brand new Ford vehicle, you will have to decide whether you want to lease or buy. Each option has benefits depending on your lifestyle and needs. It can sometimes be challenging to weigh the pros and cons of each option, though, which is why our experts are here to help you make that decision. At Pauli Ford, we always have your back and ensure that you make the best financial and logical choice for you.

Benefits of Leasing a New Ford Vehicle

If you are not interested in car ownership or drive a low number of miles per year, leasing might be the best option for your next car. Leasing a car is essentially renting a vehicle for a certain length of time. During your lease, you will have set monthly payments and yearly mileage; if you go over the mileage, you may have to pay a fee. Do not fret, though, at the onset of your lease, our auto financing team will go over all of the costs and limits. Because you are only paying the set amount, and do not have to worry about value or depreciation, this could be a beneficial financial decision.

As mentioned, leases are for predetermined periods of time. How long does a lease last, though? A lease typically goes on for between two and three years. Over the course of that time, you are responsible for keeping under the mileage requirements and making sure the car does not sustain more than the anticipated amount of wear-and-tear. While you lease the car, truck, or SUV from us, routine maintenance is complimentary from the Ford service center right onsite at Pauli Ford. And when it comes to the end of your lease, all you will need to do is go to the dealership in the last couple of months before the term ends in order to pick out your next model. It is that simple. And if you do not want to give the vehicle up, you can switch over to a financing plan to move toward purchasing it.

Benefits of Purchasing a New Ford

Just because leasing a vehicle has so many benefits, does not necessarily mean it is the right option for you. There are plenty of benefits to purchasing a new Ford as well. The most obvious pro to financing a vehicle is that once it is paid off, you officially own the vehicle. So if you want something that will soon be fully yours, this is the path to take. Plus, when you purchase a vehicle, you do not have to keep an eye on how many miles you are driving. When you buy rather than lease, you have a lot more flexibility.

Speaking of flexibility, once you fully own the vehicle, you can customize it to your liking. You can shop for OEM Ford parts and accessories, to make the vehicle your own. When you lease, you need to return the car in the exact same configuration it was when you drove it off the lot. But when you buy, you can make the vehicle unique. So while you will have to pay for maintenance and service when you buy a vehicle, you have the benefit of customization and flexibility.

Shop for Ford Vehicles in Saint Johns, MI

Whether you want to lease or buy a new vehicle, our professionals are ready to help you get behind a new Ford vehicle. So what are you waiting for? Contact us or swing by the dealership to get started on the process today! We look forward to assisting you.