Is Leasing Your Next Ford the Right Option for You? Find Out Here!

960 × 720

Can't decide whether leasing is the right option for you? Leasing offers numerous pros and cons for drivers, and we've chosen a few popular considerations for drivers so you can make the right decision for your lifestyle and budget needs.

Leasing Benefits

  • Lower Monthly Payments: If you're on a tight budget, choosing to lease your new Ford is the smart option.
  • Low Down Payment: Another benefit of leasing is that they typically have a lower down payment requirement than if you were to finance your next Ford car, truck, or SUV. If you don't have a lot available for your down payment, leasing is a great way to save up front.
  • No Resale Hassle: Often, the hassle of selling your used vehicle can be inconvenient and time consuming. You also have to worry about selling to the right person, and potentially run the risk of getting scammed. No so with Rusty Wallace Ford! When your lease has ended, just bring the vehicle back and hand over the keys! It's as simple as that.
  • Flexibility: What's better than being able to get a new car every few years? Leasing allows you to get a new car, truck, or SUV frequently, so you can upgrade and update with the times and stay on the cutting edge of new vehicle technology and comforts.

Leasing Drawbacks

To answer any questions and concerns you might have, just give us a call! We're happy to help explain the whole process to you so you can be sure you've made the right decision for leasing your new Ford car, truck, or SUV.

  • Mileage Restrictions: If your driving style and commuting needs requires more than 10,000 to 15,000 miles each year, you'll have to pay extra for each mile you go over your agreement. Depending on the lease, you can sometimes pre-pay for mileage overages, if you know you're going to need those extra miles.
  • Not Building Equity: If you're looking to create equity and invest in your future, leasing doesn't afford you the same. You also own the vehicle outright once your loan is paid off, but once your lease is done you have to return the vehicle.
  • Penalties for Excessive Damage: Depending on your lifestyle, or if your family is particularly hard on vehicles, you might have to pay extra for wear and tear. Pets are a common consideration, with muddy feet, scratches, and of course fur! These fees vary by agreement, so be sure to discuss it with our financing team.
  • More Expensive Overall: If you decide you want to buy the vehicle after your lease has ended, typically you'll spend more overall than you would if you had financed it right away.

To answer any questions and concerns you might have, just give us a call! We're happy to help explain the whole process to you so you can be sure you've made the right decision for leasing your new Ford car, truck, or SUV.

Categories: Finance
AdChoices
; ;