Buying vs. What to Expect When Signing a Ford Lease Near Queens, NY
Shopping for a new Ford truck, SUV or electric vehicle? Then visit our Ford dealer near Queens to speak with our Ford finance experts to better understand your next move. If you're torn between buying and leasing a new Ford SUV you've set your heart on, we're here to guide you. Your decision may hinge on factors like your driving habits, the length of your commute, what you're comfortable paying each month and more, and we're here to help you every step of the way.
We'll provide in-depth information about the pros and cons of buying versus leasing a Ford in New York. Book a new Explorer test-drive and a member of the Premier Ford finance team will ensure you drive home in the vehicle you adore.
Differences Between Buying vs. Leasing a Ford
When you decide to finance a Ford, you pay for the entire value of the vehicle and own it outright after your loan payments are completed. This allows unlimited mileage and the freedom to modify or sell the car whenever you choose. On the other hand, leasing a Ford is essentially renting a car for a specific period, typically 2 to 3 years. It often comes with lower monthly payments compared to buying, but it includes mileage restrictions, and you must return the vehicle at the end of the lease term.
| What to Expect When Buying a Ford | What to Expect When Signing a Ford Lease |
|---|---|
| Pay for ownership of the vehicle and work toward having the title in your name | Pay for use of your new Ford and upgrade models once it reaches its lease maturity date |
| No mileage restrictions | Mileage restrictions are determined by lease terms |
| Generally comes with a higher down payment | Normally comes with lower down payments and less money up front |
| Normally has higher monthly payments | Generally has lower monthly payments |
| Responsible for repairs not covered in warranty | Required to service vehicle according to dealership recommendations |
| Customize your vehicle to your liking | Vehicle customizations are not allowed |
Is it Better to Lease or Finance a Car?
Our local Ford dealer will walk you through our extensive inventory of new Ford models and help determine the right choice for you. Are you planning to keep your new car for an extended period? Then financing a new Ford Explorer near Queens would suit your needs perfectly since there are no restrictions on usage or mileage.
Do you aim to elevate your daily drives with a rugged Ford Bronco Sport but want to avoid the extra responsibilities that come with outright ownership? In that case, we recommend exploring our enticing selection of Ford lease offers available. Don’t forget to check out our enticing new Ford specials and finance incentives that will assist you in securing an excellent price on your dream vehicle.
Visit us today to discover the latest Ford lineup and discuss the pros and cons of buying vs. leasing a Ford with our specialists. We'll help you secure a competitive car loan in New York City or Ford lease that perfectly aligns with your preferences, ensuring you drive home with absolute satisfaction. Contact Premier Ford now to book a new F-150 test-drive!