If you have decided to get a new Ford, but don’t know whether to buy it or lease it, there are several things to consider. But the choice ultimately comes down to you, your budget, and your needs.
If you can avoid taking out a loan, it will be cheaper in the long run. However, even if you have to take out a loan, buying a car will be cheaper since once the loan is repaid – the car is yours to do what you please with it. Beyond that, you have none of the mileage limits of the lease, as well as pride of being able to call a car your own.
Leasing, on the other hand, comes with lower payments and some limits on mileage. This depends on your agreement, however, which also might come with limits on yearly miles. But if your needs fit it, the benefits make it a great cost-saving measure. Learn more about these options in the video above, or when you contact our Hicksville, OH location for a test drive.
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