Lease vs. Buy
Whether you’ve set your sights set on a Ford model, you’re just beginning to browse, or you fall somewhere in between, you may be thinking about leasing and buying at some point. Many prospective car buyers will reach this fork in the road at some point or another, as both are great financial options that can work for your lifestyle.
So, as you look for a vehicle around Lumberton, Mount Laurel, and Medford, New Jersey, do you think leasing or buying will be the better option for you? Well, to help you answer this question, our team here at Miller Ford has compared leasing vs. buying a Ford.
Why Buy a Ford?
Buying your new vehicle can be a great option if you’re looking to drive it for a few years. Purchasing a Ford also secures peace of mind. Drivers benefit from owning a vehicle with advantages like:
- Enjoying the same vehicle
- Trade-in flexibility
- Ability to modify vehicle
When you purchase your car, making monthly loan payments until you ultimately own the vehicle, there’s no limit to how far and frequently you may drive.
You can also take advantage of trade-in value. When it’s time to buy your next vehicle, Ford owners can trade in their vehicle. This can lead to lower monthly payments and more financial flexibility.
Additionally, you can make any modifications to your vehicle as you see fit. So, really, your vehicle is completely yours, able to personalize it and take it wherever you want. Buying a vehicle is a common choice for drivers who value long-term security.
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Why Lease a Ford?
When you decide to lease, the main benefit you’ll find is flexibility. It’s one of the perks of a Ford lease deal:
- Financial flexibility
- Service warranty
- Staying in touch with the latest generation of vehicles
Starting with financial flexibility, leases may require little or no down payment, smaller monthly payments, and lower maintenance costs, providing you with a great option if you’re balling on a budget, so to speak.
Leasing’s other great draw is its short-term nature. Leases traditionally last just two or three years at a time. When your lease offer comes to an end, you return the vehicle; then you’re able to browse for a new model again. Drivers may also have the option to buy their leased vehicle at a lower rate.
This can prove beneficial whether you’re looking to determine which type of car you want long-term, trying different classes out, or you’re just someone who finds yourself interested in new models frequently. Leases are common options for drivers who prefer the advantages of the latest technology and vehicle design.
Should I Lease or Buy a Ford?
So, now that you know more about the pros of both financing options, you may be wondering which is the best for you. Really, the answer to that question depends on what you’re looking to get out of your vehicle.
If you’re planning on taking a bunch of family road trips with your new SUV, financing with a car loan will likely be a better choice as you won’t have to be concerned about monthly mileage limits.
Planning to move into the city in a few years where you’ll maybe no longer need a car? What if you want to plug in to new vehicle designs like an electric car or hybrid option? Go with a lease that you can return and benefit from the convenience of your lease term.
You may need assistance to gain more information about buying or leasing a Ford in New Jersey. To help you arrive at the right decision, our team will be more than happy to advise.
How Our Finance Team Can Help You
Whether you know which way you’re leaning or you’re just looking to have some questions answered about these different options, we’ll be happy to help here at our dealership. Our finance team features a number of experienced and trained professionals who can reveal the right strategy.
Well versed with the verbiage of lease offers and financing deals alike, you’ll be in great hands whether you come in for advice or tap our team for help over the phone. Our online toolkit can help you make the right decision from home:
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Online Financing Tools |
What You Can Do |
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Compare monthly payments to learn which is right for you. |
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Value Your Trade |
Explore your vehicle’s trade-in value by receiving an estimate of its worth. |
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Finance Application |
Become pre-approved and help our team make the recommendation that’s right for you. |
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Credit Score Estimator |
Learn what your buying power is with an evaluation of your credit score. |
Then, once you’re ready to tackle the leasing or financing process (which are quite similar), our team will be there to assist as well. Working with one of our financers, you’ll be able to easily navigate the waters, finding ideal terms and conditions.
Ford Lease Offers
When you speak with our finance team, we’ll let you know about ongoing Ford lease offers. These lease specials can generate additional financial flexibility. You can also check for current new vehicle, service, and parts specials.
Lower monthly payments can also help you lease an elevated trim of the vehicle. This can help you enjoy creature comforts like:
- Heated seats
- Premium audio system
- Luxury seating surfaces
- Larger infotainment displays
You can also speak with our team to learn about our lease warranty options. Lease warranties can cover the cost of some vehicle service, helping you drive with peace of mind.
Finding a Ford Online
New Jersey drivers who are deciding between buying or leasing a Ford can do so from the comfort of their living room couch. You can search for a Ford online by using our easy search filters. In addition to showcasing our inventory, our search filters can sort through key factors such as:
- Year
- Model
- Price Range
- Mileage
- Body Style
If you have a certain look in mind, use our search filters to find the exterior color and body style that looks sharp in your driveway. You can do a little more digging to find the right vehicle before you schedule a test drive to find the right fit.
Each vehicle has a companion listing. This provides details on information such as engine, drivetrain type, exterior color, and interior color. You can also find out which Ford helps you save on gas by checking our MPG ratings.
Lease vs Buy: Learn Which Option Is Right for You
Are you ready to move forward with a lease or finance offer? Just looking to ask some questions about this guide to leasing vs. buying a Ford? Just contact our team here at Miller Ford, and we’ll be happy to help fill in the blanks.
We’re proud to serve Lumberton, Mount Laurel, and Medford, NJ, area drivers, and hope to assist you soon!
| Monday | 9:00AM - 7:00PM |
| Tuesday | 9:00AM - 7:00PM |
| Wednesday | 9:00AM - 7:00PM |
| Thursday | 9:00AM - 7:00PM |
| Friday | 9:00AM - 7:00PM |
| Saturday | 9:00AM - 5:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 6:00PM |
| Tuesday | 7:30AM - 6:00PM |
| Wednesday | 7:30AM - 6:00PM |
| Thursday | 7:30AM - 6:00PM |
| Friday | 7:30AM - 6:00PM |
| Saturday | 8:00AM - 1:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 5:00PM |
| Tuesday | 7:30AM - 5:00PM |
| Wednesday | 7:30AM - 5:00PM |
| Thursday | 7:30AM - 5:00PM |
| Friday | 7:30AM - 5:00PM |
| Saturday | 8:00AM - 1:00PM |
| Sunday | Closed |