Ford has always been a forward-thinking manufacturer, but many of our shoppers face an age-old dilemma: to buy or to lease? Once you've found the perfect Ford model that checks all the boxes and then some (did you expect to fall in love with a vehicle that can park for you?), you turn to our Ford finance center near Poynette. It's just a matter of figuring out whether a lease or a purchase better suite your lifestyle.
Before you take the next steps, ask yourself two questions: what is your current financial status? How do you plan on using this car, truck, van, or SUV? The answers will shape the end result of your shopping experience with us!
| Buying | Leasing |
| Car ownership | Low (or zero) down payment |
| No mileage restrictions | Lower monthly payments |
| Make modifications | Option to purchase at the end of the lease |
| No time limit on ownership | Can choose a new car after lease is up |
| Build credit and gain equity | Better option for limited drivers |
Drive Off in Your Dream Ford Near Poynette
As you can see, whether you lease or buy is entirely dependent on how you plan on using your vehicle. For drivers who like to enjoy the open road through long road trips or have a long commute to and from work, buying a vehicle is a great choice to prevent yourself from the expense of breaking mileage restrictions on your lease terms. You can also make your own repairs and customize a vehicle if you've purchased it.
Another factor to consider is your credit score. If you're trying to build your credit back up after a challenge, it may be difficult to get a lease, and timely payments on your car loans may build your credit back up. If you're not sure if buying a vehicle is within your reach, though, we encourage you to take a few minutes to fill out our Ford financing application, where Poynette area shoppers can find out how car payments will affect them.
However, a lease is an optimal choice if your mileage is minimal, you simply want to try a model on for size, or you're interested in having only the most cutting-edge features in the industry! Keep up with ever-evolving technology and the latest styles without the commitment of the car purchase, which is a long-term investment contrary to lease agreements, which tend to last around three years. At the end of your lease, you can either purchase the vehicle if you love it, or swap it for your next leased vehicle. Finally, the down payment that is required for leases (if one is needed at all) is much lower than a down payment for a purchase. Depending on how your budget and credit score look, leasing may make the most sense financially.
If you're still not too sure what you should do, we can help. Contact us today at (877) 807-8842 to talk to us about your options!