Should You Lease or Buy a New Ford?

If you're like most customers that are considering a new Ford vehicle, you've probably wondered about buying versus leasing. Since everyone has different needs and desires, we're providing a brief comparison, so you can determine what would work best for you. Either way, you'll get a great deal on a new Ford with Szott Ford

Buying a Ford Provides Many Benefits for Long Term Ownership

Fenton, MI drivers who prefer to keep their vehicles for more than a few years will benefit most from financing their purchase with an auto loan. Car loans also provide more financing options for those who've experienced credit issues in the past. Most customers can drive away in a new Ford, and those with very good to excellent credit histories will qualify for the best interest rates. When you lease a new Ford, you're paying into equity and are free to modify the vehicle as you please. Monthly payments are often higher, but the vehicle is yours to keep at the end of the term. Keep in mind that the driver is responsible for repairs after the initial new-car warranty ends.

Leasing a New Ford Provides Short Term Flexibility and Lower Payments

With a Ford lease, you'll keep the vehicle for a specified period, usually three years. Once the lease is up, you can upgrade to the newest model, choose a new model, or convert the lease to a loan. Leasing is a great choice for Waterford drivers that want the latest in technology, safety, and performance options. Warranties typically outlast the leasing period, which means you can worry less about maintenance and repairs. Leasing payments are typically lower than loan payments because you are essentially renting the vehicle. Additionally, a lease incurs taxes only on monthly payments, not the entire cost of the vehicle. With a lease, Grand Blanc, MI drivers don't need to worry about depreciation either. Most leases have mileage limits between 10,000 and 12,000 miles annually.

Test Drive a New Ford near Clarkston and White Lake, MI

If you'd like more information about the leasing process, contact the team at Szott Ford at your convenience. To experience any of our exciting Ford models for yourself, visit our Ford dealership in Holly, MI, for a test drive. We'll be happy to assist you.

Contact

Szott Ford

8800 E. Holly Road
Directions Holly, MI 48442

  • Sales: 866-330-2288
  • Service: 855-491-2442

Hours

  • Monday 7:30am-7:00pm
  • Tuesday 7:30am-6:00pm
  • Wednesday 7:30am-6:00pm
  • Thursday 7:30am-7:00pm
  • Friday 7:30am-6:00pm
  • Saturday Closed
  • Sunday Closed