Is it better to lease or buy your new Ford? There are a number of advantages to each option. At Springfield Ford, we're proud to provide our customers in Springfield and near the greater Philadelphia area with this research resource on the benefits of buying and leasing your Ford vehicle.
Lease VS Buy: Which Should You Choose?
While the following information may help you decide which option is right for you, our dedicated Finance Center is equipped to discuss your unique situation-and whether leasing or buying benefits you more.
Buying Benefits
- Upon purchasing in full or paying off your Ford's loan, the vehicle is yours to keep.
- There's no penalty for exceeding mileage limits, as is the case with a lease agreement. You can drive an unlimited amount of miles each year.
- You can modify your vehicle in any way you'd like.
- You can capitalize on the benefits of selling your vehicle privately, selling it to us, or later trading it in to later purchase a new or certified pre-owned Ford vehicle.
Leasing Benefits
- Monthly lease payments are typically lower than monthly loan payments.
- Leasing a Ford vehicle provides you with the chance to transition from vehicles more frequently and for less money.
- At the end of your lease, you'll have the option to start a new lease or purchase your vehicle.
- Depending on your lease term, you'll likely be covered by a manufacturer warranty for the duration of your lease.
Learn More About Buying Vs Leasing in Springfield
If you're interested in hearing more about reaping the benefits of buying or leasing a new or used vehicle, our inventory of new Ford models, or you would like to test drive a Ford that you've got your eye on, contact us online or visit us personally at our conveniently located Springfield Ford dealership near the Philadelphia area.