Should I Buy or Lease my Ford?

When you know you want to drive one of our many Ford models, there's one big decision you need to make: do I want to buy or lease? Each option has its own pros and cons: here is a quick rundown of the difference.

Buying a Ford has you pay for the vehicle's full price. Once the vehicle is fully paid off, you can modify it as you see fit, and you can drive it for many years to come. Even before the vehicle is paid off, you can drive it as much as you want. Once your vehicle is paid off, you can use it as a trade-in if you want to drive a newer model.

Leasing a Ford only has you pay for the vehicle's projected value depreciation. This means that leasing has lower down payment and lower monthly payments than buying. Unlike with buying, leasing has a yearly mile limit, and you get charged for every mile you drive over. Leasing can be a good choice if you plan on driving around town. If you want to go on a cross-country trip, you might be better off buying.

If you have any further questions, we're here to help. The experts in our finance center will go over each option with you to help you find the right choice for your lifestyle and budget. At Park Ford, we make auto shopping easy.


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