Leasing vs Buying a Ford

 

Ford Leasing vs Financing

Not sure whether leasing or financing is right for you? Let the experts at Evansville Ford's Finance Center help you make a confident decision based on your individual budget and lifestyle demands. Get clarity on the benefits each has to offer you, from the differences in upfront and monthly expenses to asset incentives and driving restrictions. Once you've made a decision, browse all our New Ford Offers for all the latest financing and leasing deals on new Ford models in the Evansville, WI area.

Ford Leasing

Not looking for a big commitment? Want all the latest technology and stylings? Explore all the benefits Ford leasing at Evansville Ford has to offer. Enjoy the simple terms and return options of leasing, allowing you to get a new ride every 2 to 3 years while not having to worry about depreciation or warranty issues. Leasing is a great cost-effective choice for those not wanting to put up a large upfront payment and those who may not have the best credit. This makes a lease a great option to enjoy the latest features while keeping monthly payments low.

Compared to competitors, Ford lets you lease a vehicle while retaining your option to return or buy. Lease payments are usually lower than similar term finance payments because you're only paying for the portion of the vehicle's value used during the lease term. Ford's Red Carpet Lease provides unique benefits and features:

  • Variety of popular terms, including our popular 24/36 month leases
  • Seven mileage options to choose from
  • Customize your vehicle at the time of purchase with approved accessories

Benefits of Leasing a Ford

  • Lease payment covers only the vehicle depreciated value not the entire purchase value. 
  • Lease payments cost less than if you were to finance.
  • Down payments on leased vehicles are less than financed.
  • Leases run for 24 to 48 months and are covered under the general warranty. 
  • If you don't drive far or a lot, leases may be a great option.
  • You have multiple end of lease options

Negatives of Leasing a Ford

  • You're only allowed limited mileage amounts, with the option to purchase extra.
  • You're charged for repairs if the vehicle isn't in good shape when you return it.
  • Leases don't build the same credit and payoff advantages of financing.
  • You cannot customize or alter your leased Ford.

Ford Lease-End Options

Lease end options include turning in your leased car and leasing a new one, purchasing your vehicle for the amount agreed upon in your lease agreement, or simply returning your vehicle to a dealership. Lease return steps include:

  1. Scheduling an inspection.
  2. Reviewing and making repairs.
  3. Making a return appointment.
  4. Complete a federal odometer/lease termination statement.
  5. Pay any lease liability fees/charges.
  6. Pay any additional charges.

Ford Financing

Enjoy all the benefits of owning an asset when you decide to buy instead of lease at Evansville Ford. We will work with you to secure a no-credit car loan if your situation demands it. Our Finance Department has strong relationships and is committed to finding you the perfect car loan company to suit your car finance needs. Financing lets you be in complete control of your ownership experience, from how much you're looking to pay a month and the ability to sell at any time to the freedom to express yourself with car modifications and no mileage limits!

Low-interest car loans are available for customers with existing loans. We can help you refinance your car loan or adjust the term of the contract. Before your visit, take some time to fill out our online credit application so you can get pre-approved before you come in. That way you can avoid a long wait in front of one of our desks and will have more time behind the wheel of your new ride.

Benefits of Financing a Ford

  • Ownership and ability to sell
  • No mileage restrictions
  • Ability to personalize and customize
  • No car payments once paid off
  • Multiple lender options

Negatives of Financing a Ford

  • Higher monthly payments
  • Higher down payment
  • Higher repair costs
  • Vehicle depreciation

Leasing vs Financing FAQ

Leasing or financing has to do with your budget, lifestyle, and needs. Financing means you’re taking out an auto loan to help you buy it and accumulate an asset. While leasing is like renting it, you make payments that allow you to use it for 2-3 years and then you return it.

  • Warranty coverage
  • Latest technology and stylings
  • Available loyalty incentive
  • Can choose to purchase or switch
  • Mileage limitations
  • No modifications
  • Excessive wear and tear may cost extra
  • Not an asset
  1. You can lease a new Ford
  2. You can purchase a new Ford
  3. You can purchase your currently leased Ford
  1. Scheduling your inspection
  2. Review and make possible repairs
  3. Make an appointment at a dealer
  4. Complete a federal odometer/lease termination statement
  5. Pay any lease liability fees/charges
  6. Pay any additional charges
  • Your Ford is an asset
  • No mileage limitation
  • Long-term savings
  • Can sell and recoup some cost
  • Higher monthly payments
  • Higher down payment
  • Higher repair costs
  • Vehicle depreciation

You can return your leased Ford here or any certified Ford dealership.

Explore All Your Finance and Lease Options at Evansville Ford

Evansville Ford in Evansville, WI treats the needs of each individual customer with paramount concern. We know that you have high expectations, and as a car dealer we enjoy the challenge of meeting and exceeding those standards each and every time. Allow us to demonstrate our commitment to excellence! Our experienced sales staff is eager to share its knowledge and enthusiasm with you. We encourage you to browse our new and used online inventory, schedule a test drive, and investigate financing options.

  1. Evansville Ford

    428 Union St
    Evansville, WI 53536

    • Sales: (608) 882-4700
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Visit Our Team

  • Contact our Sales Department at: (608) 882-4700
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