When you’re shopping for a new vehicle, you may ask yourself if you should lease or buy. Often, car buyers are unsure about leasing when the benefits are not clear. The best choice for you will come down to your lifestyle, budget, and preferences.
Leasing may feel like a long-term rental, but it can be an exciting way to get a new ride with a shorter commitment. If you’re someone who enjoys upgrading their Ford often, ask about leasing your new car next time you’re in our dealership. At Mike Reichenbach Ford, we’ll make sure you find the best way to get the new Ford you’ve always wanted!
Car Loan vs. Leasing a Car
As the lessee, you’ll still have to put money down for the car, but typically a lease requires less money. If you have a strong credit score, you’ll most likely pay even less. When leasing a vehicle, you’ll still pay monthly payments, but they are often lower than car loan payments since you’re not paying the entire purchase price and interest.
Your lease payments include the vehicle’s depreciation, rent, and taxes over your lease term. While a lease may be tempting, remember you won’t be building equity in the ownership of the vehicle with your payments.
The newest models, and higher trim levels are more affordable on a lease, and you can change every few years. You won’t have to worry about reselling the vehicle, excess mileage, or excessive wear.
Once your lease ends, you simply return the vehicle to your Ford Dealership in Florence and upgrade to a newer model!
Ready to Buy or Lease a Car in Florence? Stop by Mike Reichenbach Ford of Florence Today!
If you want to learn more about the pros and cons of leasing a Ford, talk to our finance team in Florence today! We have a number of popular Ford models on our lot, so ask about a Ford Bronco lease or Ford Mustang lease.
We’re here to help drivers find their next Ford near Sumter to Conway, SC. At Mike Reichenbach Ford of Florence, we make finding your next Ford easy. Fill out our Buy vs. Lease questionnaire today!
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