Are you ready to get behind the wheel of a new Ford? Before choosing a ride at your local Ford dealer, you have to navigate the lease vs buy decision. Both options offer numerous benefits, but you have to pick one that’s right for you.
Lease vs Buy Options at Your Ford Dealer: Finding the Option That Fits Your Lifestyle
Assess Your Budget
If you’re working with a limited budget and want to minimize upfront costs, leasing could be the best choice. Many lease deals require little to no down payment, meaning you can drive off with a new Ford without breaking the bank. With lower monthly payments, you might even be able to afford a higher-end Ford model than you thought possible.
For those with the means to make a larger down payment, buying a Ford could be the way to go. If you have great credit, you might even qualify for exclusive deals like 0% APR financing. A low interest rate will make your monthly payments more manageable.
Estimate Your Annual Mileage
Are you a low-mileage driver who mainly uses your vehicle for short commutes and occasional weekend trips? Leasing could be perfect for you. Most lease agreements come with annual mileage limits ranging from 10,000 to 15,000 miles a year. If you exceed these limits, you may incur mileage overage fees.
For adventure seekers and road warriors, buying is a better option. When you own your Ford, there is no limit to the miles you can rack up. You can embark on off-road adventures and long road trips without worrying about mileage penalties. Since you own the vehicle, you can also customize it to improve its capabilities.
Determine the Duration of Driving the Car
When deciding whether to buy or lease a car, you should consider how long you intend to keep it. If you love the thrill of driving the latest models, leasing is the best choice. A typical lease lasts 24 to 36 months, meaning you can drive a new Ford every few years and experience the latest tech and features.
If you’re the type of driver who forms a long-term bond with your vehicle, buying could be your best bet. You can keep the Ford for as long as you desire and sell it when you decide to upgrade.
Are you ready to take the next step? Visit Clay Maxey Ford of Harrison in Harrison, AR to explore our extensive inventory of new Ford models.
