The world of auto financing is anything but crystal clear, and here at Fox Ford, we think the car shopping process should be as fun and exciting as possible. That’s why we’re bringing you this video from Ford. It goes over some of the biggest differences between leasing and buying a new vehicle, so you can feel confident when you walk through the front doors of our Grand Rapids, MI showroom. Check it out below, and if you still have questions, come in to see us or give us a call!
There are advantages and drawbacks to both buying and leasing; the decision really lies with you and what you want our of your new Ford vehicle. With buying, the vehicle is yours, so you can pretty much do with it as you please. You can drive it as much and for as long as you like, because unlike with leasing, there are no term limits to buying. This also means, however, that when your warranty is up, any service or maintenance will be your responsibility.
On the other side of the same coin, leasing puts limits on how long you will keep the car and how far you expect to drive it. It can pay to know how much you drive, because for low-mileage drivers, a low-mileage lease could be a great way to save a little green! Another benefit to leasing: because lease terms are often on the shorter side, it’s very likely your vehicle will remain in warranty for the duration of your lease, so if you need any surprise repairs or maintenance, there’s a chance you’ll be covered under the warranty!
No one besides you knows which option is best for your given situation, but our finance experts in our finance department will gladly walk you through all your financing and leasing options when you find the new Ford vehicle that calls to you. If you’re on the hunt for exceptional value, be sure to browse our new specials page to snag a great deal.