Buying v. Leasing

There are so many amazing Ford models to select for your next means of transportation, like the reliable Ford Escape and the highly popular Ford F-150. When it comes time to obtain the vehicle you have your eye on at your local Ford dealership, you can choose to either buy or lease. Both of these options have unique advantages, and the staff at Keystone Ford are here to help you learn about them. That is why we have provided crucial information on the buying and leasing options to assist you in picking the option that can best accommodate your financial situation. Knowing whether you should buy a Ford or go with a Ford lease will definitely be invaluable knowledge when you go through the seamless car-buying process at your local Ford dealership. Here are several pros and cons that we found about buying or leasing the Ford car, truck, or SUV model of your dreams:

Leasing Pros

- Lower monthly payments 

- A down payment might not be required

- The vehicle's factory warranty usually covers all repairs 

- An easy process for returns

- You can decide to have the most modern and recent Ford model

Leasing Cons

- A restriction on miles (if it is exceeded, then you will be required to pay a fee)

- You cannot make any modifications to the Ford model you are currently leasing

- The Ford model you are leasing must be free of dents and damage when you return it to your local Ford dealership (you will be billed for any needed repairs)

- You will not be able to build any equity on your Ford car, truck, or SUV model

- Leasing will be difficult if you have below-average credit

Buying Pros

- You do not have to be as concerned about the wear and tear when you own your Ford car, truck, or SUV model

- There is not a restriction on miles

- You can modify your Ford Explorer, Ford Edge, Ford Mustang, etc. as you please

- You will be able to build equity on your vehicle

- You will be able to own the Ford model you purchase from your local Ford dealership for as long as you would like

Buying Cons

- Your car payments will be higher

- You will not always be driving the latest Ford model and may miss out on state-of-the-art features and technological advances

- Trying to sell your Ford model can be challenging

- Interest can be accrued as time goes on

Before you decide to buy a Ford or go with a Ford lease in PA, it is important to consider factors like the amount of time that you want to drive your Ford model, the kind of driving conditions that you come across every day, and how much customization you want to do to your Ford model. If you want to get the mighty Ford Super Duty F-250 for some thrilling off-roading adventures, then it might be a smart choice to outright buy it. If you do not want to modify your vehicle in the slightest bit and do not really have a desire to travel long distances, then a Ford lease option might be the best fit. The experienced finance department at your local Ford dealership will be happy to help you select the right option for your unique driving life. We will make sure that you obtain the Ford model that will make traveling so much more fun and at a price that you can afford. Stop by today and learn whether buying or leasing is right for you!