Auto Financing & Ford Leasing in Denison, TX Serving Sherman and Durant
Buying Vs Leasing a Ford
Deciding whether to buy or lease a new Ford can be a difficult choice. It is important to know the differences between the two options so you can figure out which is best for you.
When you buy a vehicle, you are paying for the entire vehicle. Typically buyers make a down payment, either pay the sales tax in cash or roll the amount into the loan, and then make monthly payments with a set interest rate. This option is great for those who drive many miles, or plan on keeping their car for a long period of time.
When you lease a vehicle, you are only paying for the amount of the vehicle you use. The sales tax is included in the monthly lease payment, which is determined in part by a money factor that is much like an interest rate on a new car loan. Typically the first monthly payment is made when you sign the contract. Leasing is a great option for those who want lower monthly payments and a new vehicle every few years.
Leasing
If you want to take advantage of the latest technologies and capabilities on a more frequent basis, leasing is a great option to consider. Leasing gives drivers access to lower payments, so you can get into a higher-end trim of a brand-new vehicle.
Automotive leases typically last for two or three years. When the lease is up, you have the option to purchase the vehicle or swap it out for a new model. Get in touch with our finance center at Blake Utter Ford to learn more about leasing a new Ford model near Sherman.
Financing
While financing a vehicle may have higher payments than a lease, the payments will help you build equity. You can sell or trade in the car whenever you would like. Financing also gives you the flexibility to customize your vehicle, which typically isn’t permitted with leases.
You also won’t have any monthly or annual mileage limits when you choose to finance your ride. Stop by Blake Utter Ford or contact our finance team to learn about purchasing a new or used vehicle at our dealership serving Calera, OK.
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