Buying vs. Leasing a New Ford in Valparaiso, IN
Buying vs Leasing Learn About Your Options
Choosing whether to buy or lease your next vehicle can be a tough decision. That’s why when you’re ready to drive a new Ford truck, car or SUV, you should speak to the auto financing experts at Currie Motors Ford of Valpo. Visit our Ford dealership in Valparaiso, IN, to learn the scope of Ford financing options available to you. We’ll help you make the right decision for your financial situation, no matter if you choose to buy or lease your new Ford model.
|Ownership||Pay to own the car and the title of the car is in your name||Pay for the use of a new Ford and move on once the lease ends|
|Down Payment||Typically comes with a higher down payment||Typically comes with a smaller down payment, which means less money upfront|
|Monthly Payments||Typically comes with higher monthly payments||Typically comes with lower monthly payments|
|Mileage Limits||No mileage restrictions||Lease terms will dictate mileage limits|
|Maintenance/Wear||Responsible for all upkeep of your vehicle not covered by warranty||Service the vehicle according to the dealer’s recommendations|
Whether you’re thinking of buying or leasing a new Ford, each option comes with specific commitments. If you’d like to lease a new F-150, for example, you’re bound by mileage restrictions and it needs to be serviced according to factory recommendations. Buying would allow you to drive free of mileage restrictions, but you’d be responsible for all maintenance. Leasing a new car could be beneficial to somebody who wants to drive a new Ford model every few years. But buying a new Ford, on the other hand, is beneficial to those who want to keep the same vehicle for a while, and don’t mind that the down payment and monthly payments are typically higher than leasing. When you buy and complete your monthly payments, the title of your Escape or Explorer SUV will be in your name. Everybody’s driving experience is unique, so it’s important to speak with our Ford finance team to learn which option best fits you.