Ford Financing 101: Leasing vs. Buying

A big part of Ford financing is deciding whether to lease or buy a car, and for many car shoppers, this question is not easily answered. Both options have unique upsides which drivers should weigh carefully before moving forward. With help from Folsom Lake Ford, you'll be able to make the right decision based on your budget, lifestyle, and current and future requirements. 

When Should I Buy a Ford Car?

Equity is a big reason why many of our customers choose to buy a new Ford Mustang or Ford Expedition. From a purely monetary point of view, purchasing a car is a better investment than leasing, as you'll be building equity in your vehicle and can sell it or trade it in down the road.

Buying new also allows you to customize the vehicle however you like, knowing that you own the car for life, not just for a short lease term. Moreover, the fact that you own the car means you don't have to worry about any mileage restrictions or end-of-lease penalties for excess mileage or wear and tear.

When Should I Lease a Ford Vehicle?

If flexibility, variety, and avoiding long-term commitment are important, you're probably a good candidate for a Ford lease. Instead of being locked into one car, a lease gives you the chance to drive a few different Ford vehicles over the span of several years. This is an opportunity to try out different body styles and see which one you like best. At the end of the lease, you have the flexibility to extend the lease, purchase the vehicle, lease a different vehicle, or simply return the vehicle and walk away.

Leasing is also a good option for shoppers on a tight budget. Since you're only paying for a portion of the car (i.e., its value over a three-year period) instead of its full value, your monthly payments will be lower. Moreover, you'll save money on service, since leased cars are typically under warranty during the lease term.

Get Ford Financing in Folsom, CA

Ready to explore your Ford financing options? Visit our Folsom, CA, Ford dealership and meet with our sales team and finance experts. Our knowledgeable professionals will consider your budget, lifestyle, and short- and long-term needs to help you decide whether purchasing or leasing is the best option.