|Buying a Ford||Leasing a Ford|
|Lower Repair Costs||X|
|X||No Mileage Restrictions|
|Lower Up-front Costs||X|
Buying a Ford vs Leasing a Ford
Here at Matt Ford we often have a lot of customers ask us whether they should buy or lease. It’s a good question, with no definitive answer. There are benefits to buying but there are also plenty of advantages that can come from leasing. The final decision is ultimately based on what you’re looking for and the type of driver that you are. Cost aside, it’s all a matter of priorities. To help make your decision a bit easier and to help you plan for the future, lets take a closer look at buying a Ford vs leasing a Ford. The results may surprise you.
We’ll start by looking at the advantages of buying a Ford. When the vehicle is in your name, you can do whatever you want to it. If you want to screw a spoiler into the top of your hood or give it a custom paint job with a couple cans of spray paint, no one is going to stop you. The decision to buy rather than lease is also more economical in the long run. Once you make that final loan payment, you don’t have to worry about getting out the checkbook any more. You can drive that beast for as long as it runs, which brings us to another advantage of buying. When the car is yours, there are no restrictions on mileage. Most leases will only allow you to travel a set distance every year, which is great if you don’t drive very far every day, but if you spend a lot of time behind the wheel, leasing isn’t really the best option for you.
Advantages of Leasing a Ford
While there are some restrictions involved with leasing, there are also a number of advantages that help to outweigh the parts that can seem limiting. For one, leasing allows you to constantly have the keys to some of the newest vehicles on the market. Since there is something new and shiny coming out every year, the short lease terms—which are typically three years long—don’t prohibit you from getting the latest fad. Once you return the vehicle at the end of the lease, you can just move into the latest and greatest vehicle. Another one of the benefits of leasing is that you can get lower repair costs as most are covered under warranty. You also don’t have to worry about the hassle of trading the vehicle in or selling it for yourself. When the term ends, all you have to do is bring it back to the dealership and you’re set to go.
As you can see, there are benefits to buying a Ford, but there are also benefits to leasing a Ford. Like we said, the decision of which set of advantages suits your needs is ultimately up to you. If you are interested in learning more about buying vs leasing, we encourage you to get in touch with us here at Matt Ford. We can help to lay out the pros and cons for you and with prices thrown into the mix, it’s a little easier to see what works best for you. We also encourage you to check out our blog post on leasing a Ford, which helps to give you even more information on the advantage of leasing. As always, if you have any questions, don’t hesitate to reach out to us. We’re more than happy to help in any way that we can.