Leasing vs. Financing
Leasing vs. Financing a New Vehicle at Stanley Ford Eastland
If you’re ready to buy a new vehicle, you’re probably doing a lot of research and looking at all your options. Leasing is one option that has become very popular in recent years. It offers many benefits if you want to get into a new Ford Explorer. You also still have the option to buy your new Ford F-150 and get financing. With either choice, you can get your next new Ford at Stanley Ford Eastland.Leasing allows you to have lower monthly payments and pay for two to three years. At the end of the lease term, you can turn the vehicle back in and get a new model and new lease. For many buyers around Eastland, Cisco, and Ranger, this option is appealing, while others prefer to stick with the traditional financing route.
Leasing Your New Ford with Stanley Ford Eastland
One of the reasons that buyers like the idea of leasing is because they get to drive a new model every couple of years. If you’re one who enjoys trying out the latest in technology or driving the truck with maximum power, leasing may be the way to go.You also have the benefit that the vehicle is still under warranty, so you don’t have to worry about repairs. The peace of mind that comes from driving a new vehicle can be enough to make you decide to lease.
Monthly payments are usually lower with leasing since you’re only paying for the vehicle’s value while you lease. By buying, you are paying for the entire sticker price, which makes it more costly. You may be able to afford a more expensive model. On the other hand, you will always have payments if you decide to continue leasing.
Another downside is limited mileage. Most leasing companies require you to stay under a certain number of miles while you drive the vehicle. If you go over this amount, you will pay extra. It can be as much as $1 per mile.
Buying Your Ford Vehicle with Stanley Ford Eastland
Buying a vehicle still appeals to many people. They like the fact that they will own the vehicle once it’s paid off. They also like being able to make changes, add special accessories, and upgrade features as they want.If you’re the type of person who likes to stick with the same model for years, buying is probably the better option. Once the loan is paid off, you can drive your Ford for several years before making payments on a new model.
You can drive your Ford as much as you want when you buy. There are no mileage restrictions, so you can head across the country or anywhere you choose.
When it comes to leasing and buying a vehicle, there is no better choice. Only what’s better for you. Visit Stanley Ford Eastland and talk to our sales and finance team for help in making that decision. Stop in today to see our current inventory of new Ford vehicles to buy or lease.