Buying vs. Leasing: What Are the Benefits?
Buying vs. Leasing: What Are the Benefits?
Posted on August 7, 2017
When you find the perfect vehicle, landing the perfect financing solution to match is key. We help Wetaskiwin drivers do just that with a new Ford vehicle here at Denham Ford. When it comes to deciding between buying and leasing a new Ford, it's important to understand the benefits of each.
The Benefits of Buying a new Ford
- You own your vehicle! That means when you pay it off, you can take monthly loan payments out of your budget.
- There are no mileage restrictions, because, well, it's your vehicle.
- You are free to alter your vehicle in any way. From a new paint job to installing accessories, you can do whatever you'd like.
The Benefits of Leasing a New Ford
- You don't actually own the vehicle, which means you don't actually have to pay full price. You're basically only paying for the period of time you use it, which is the term of your lease.
- Because you're not paying off the entire value of the vehicle, monthly payments tend to be lower.
- Every time you sign a new lease, you can upgrade to the newest Ford model available.
Need help figuring out which financial solution is the best for you? The expert team in our Finance Center will go through all of your options, and help you find the right fit.