Ford Shopping at Brainerd - The Buy vs. Lease Decision
Surveying our new Ford lineup here at Mills Ford of Brainerd and ready to proceed with an automotive investment? Shoppers torn on the buying and leasing decision will discover clarity through our finance experts and the helpful insights this veteran team can provide.
Buying - Advantages & Disadvantages
Advantage
- Financing a vehicle leads to outright ownership once your auto loan is
paid
Â
Advantage - Buying a new Ford
model means freedom from mileage restrictions
Â
Advantage - Purchasing a new
Ford truck, sedan or SUV provides the freedom to customize with genuine auto
parts and accessories
Â
Disadvantage - A down payment is
traditionally required to finance a Ford model
Â
Disadvantage - Average monthly
payments for financing are typically higher than leasing
Â
Disadvantage - Financing means
you will commit to one vehicle over a longer period
Â
Leasing - Advantages & Disadvantages
Advantage
- Leasing is typically a more affordable option than buying
Â
Advantage - Leasing contracts
are typically a few years for short-term flexibility
Â
Advantage - Leasing a new Ford
model provides access to the latest brand designs and technology
Disadvantage - Leasing contracts
forbid customization using parts and accessories
Â
Disadvantage - Leasing a vehicle
builds no equity with your payments
Â
Schedule a Finance Consultation at Mills Ford of Brainerd
Want to meet with our team and discuss more buy versus lease specifics? We're happy to assist you and look forward to connecting! Give us a call today to get started