Leasing vs. Financing
Leasing vs. Financing a New Vehicle at Stanley Ford Gilmer
If you’re thinking about getting a new vehicle, you’re probably researching your options.As you decide whether you want a new Ford vehicle like the new Escape or the Explorer, you’ll want to consider another choice. Do you want to lease or buy your vehicle? You have the option for either one with Stanley Ford Gilmer.
Leasing a vehicle has gained in popularity in the past few years. As more buyers are working from home, they don’t have to worry about the mileage restrictions that come with leasing. Instead, they can enjoy driving a new vehicle around Gilmer, Longview, and Tyler.
Lease Your Next Vehicle with Stanley Ford Gilmer
One of the reasons that leasing appeals to so many drivers is because they like the idea of getting to drive a new vehicle every two or three years. They get to enjoy the latest in technology for entertainment, safety, and comfort.Lease payments are often lower than financing because you’re only paying for the value of the vehicle while you drive it. You may be able to afford a more expensive model or a higher-end trim with lower payments.
Even though leasing has many benefits, it also comes with a couple of disadvantages. First, you can’t customize the vehicle. You won’t be able to switch out the wheels or upgrade the stereo system from what was included when you started the lease.
Another downside is that most leases have mileage restrictions. If you go over the mileage, you will pay for it when you return the vehicle at the end of the lease term. The cost can be as much as $1 per mile. If the penalties are significant, you could end up losing any savings from leasing.
Buy Your Ford from Stanley Ford Gilmer
Buying a vehicle, even if you must finance it with a car loan, has been a goal for millions of people. Once the loan is paid off, you own the vehicle and can do whatever you want with it. You can go several years with no payments if you choose to keep it.Another benefit is that you can customize the vehicle as you want. Add that stereo system for a more immersive sound experience. Upgrade to fancy wheels or choose other accessories to enhance your driving experience with no restrictions.
Speaking of restrictions, there are none for mileage. You can drive as much as you want and go as far as the road takes you.
Leasing and financing are two options to help you get into a new vehicle. The right choice depends on what works for your budget and the way you like to drive. You can talk to the finance team at Stanley Ford Gilmer to learn more about either option.
Stop by Stanley Ford Gilmer to find your next ride. Check out our Ford F-150 trucks, Ford EcoSport models, or other Ford vehicles. Whether you choose to lease or buy, we can help you reach your goals with a vehicle you will enjoy.