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Buying vs Leasing

Buying vs Leasing a Vehicle

 

The day has arrived when you have finally found that perfect vehicle that will best suit your lifestyle! After careful inspections and an amazing test-drive, the last thing you need to decide is whether to lease or buy. This question can be daunting, as there are pros and cons to both. However, the highly knowledgeable staff at our Oakland area Ford finance center can help you determine which option is best for you.

 

Generally, when it comes to leasing or buying, the determining factors are your financial status and how you plan on using the vehicle. A lot of drivers have it in their heads that if they plan on using their vehicle for a certain job, buying is their best option, but that is not always the case.

 

Buying

Leasing

High Down Payment Low (if necessary)
None Mileage Restriction Limited (depends on lease agreement)
Limitless Modifications Not Allowed
No limit on Ownership Time Limit Limited (2-3 years)
None (post purchase) Monthly Payment Low

 

 

Our Oakland Area Ford Finance Center is Here to Help You Buy or Lease Your Dream Vehicle

 

First, drivers need to work out what option would be best for them. If you are the type of driver that takes longer trips, or plans on using the vehicle for long commutes, buying might be your better option. When you purchase a vehicle, there are no mileage restrictions! You have the ability to drive it as far and as long as you need without worrying about using up the mileage limit within a certain amount of time. It is also important to keep in mind that purchasing a vehicle is a huge investment. Being in the proper financial standing is a key factor because you do not want to end up putting yourself into a financial hole. Our available online Ford finance application is a great tool for Oakland area shoppers to see if they are financially ready to purchase a vehicle.

 

On the other hand, for drivers who want to experience the perks of a newer vehicle without putting the full money down, leasing would be a better option. A down-payment on a lease is lower than a down payment on a purchase, so it is a great way to keep money in your pocket. Leasing is also great way to experience a vehicle that you always wanted to and determine if it would suit your lifestyle needs in a shorter time frame. It is also beneficial for drivers who have shorter commutes or driving distances, since there are mileage restrictions within the length of a lease, which is usually two to three years.

 

Overall, determining whether to buy or lease is up to you; there are no wrong answers. It is just finding what works best for lifestyle and your budget. If you have any questions regarding the buying or leasing process, don’t hesitate to contact us at (888) 960-9323 for more information.

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Sales Hours

877-800-3855
Monday 8:30 am - 8:30 pm
Tuesday 8:30 am - 8:30 pm
Wednesday 8:30 am - 8:30 pm
Thursday 8:30 am - 8:30 pm
Friday 8:30 am - 8:30 pm
Saturday 8:30 am - 8:30 pm
Sunday 10:00 am - 7:00 pm