Should I Buy or Lease the Ford Explorer?

The Ford Explorer for sale is one of the most beloved SUVs of all time. If you’re considering an Explorer, our Evansville Ford dealer should be your first visit. Evansville Ford offers an impressive collection of SUVs for sale near you. Whether you’re looking for a brawny three-row model, or a compact SUV with excellent fuel economy, we’ve got you covered!

Deciding whether to lease or buy your next Ford Explorer is a personal choice. Before you visit our Evansville Ford dealer, let’s review the advantages and disadvantages of each option.

Ford Explorer Lease Benefits

• When you lease a Ford Explorer, you get to enjoy a brand new SUV without making a permanent commitment.
• Leasing can be a great choice for customers who don’t plan on driving the same vehicle for more than a few years.
• Monthly payments on your Ford Explorer lease deal will likely be less expensive than payments on an auto loan.
• You’ll remain under manufacturer warranty for the duration of your lease.
• You can avoid the headache of reselling your last car when you’re ready for something new.
• Planning to use your Explorer for business? There are more tax deductions available for a leased vehicle than an auto loan.

Possible Disadvantages of Leasing

• If you want to build equity in your vehicle, leasing isn’t the best choice. Instead, consider financing your Ford Explorer for sale. That way, your monthly payments will build equity in the car.
• If you plan to modify your vehicle, a Ford Explorer lease deal might not be the right option. You’ll be expected to return the car in its original condition at the end of the lease term.
• Depending on how many miles you drive, it might not be practical to lease a Ford Explorer. Check with the sales team at Evansville Ford about annual mileage limits on your lease term.

Advantages of Buying a Ford Explorer for Sale

• Financing your next Explorer is easy at our Evansville Ford dealer. Our financial services team is ready and waiting to help you apply for Ford Motor Credit.
• When you finance your Ford Explorer for sale, your payments will go towards interest and the loan principal. After the end of your payments, the vehicle will be yours. When you lease a car, you walk away with nothing at the end of the term.
• You won’t need to worry about staying beneath your allotted miles when you finance your Explorer.
• You’re free to modify your SUV for sale near you as you see fit.
• There won’t be any charges for wear and tear on your vehicle, like there are when you lease a car.
• You’ll be able to resell or trade your vehicle as you please after your loan is paid.

Possible Disadvantages of Buying

• Your monthly Ford Motor Credit payments may be higher for an auto loan, compared to a lease payment.
• You’ll likely need to put down a larger down payment for your car loan than you would to secure a lease agreement.
• After your warranty coverage ends, you’ll need to cover all maintenance and repair.

Visit our Evansville Ford Dealer Today!

Evansville Ford knows how complex this decision can be. When you work with our Ford dealership near you, our team will review the pros and cons of leasing versus purchasing. We’ll take a look at your unique situation, and offer the most appropriate advice. Whether you choose to buy or lease your Ford Explorer for sale, we’re here to help! Stop by our Evansville Ford dealer today to learn more about your options!