Should I lease or finance?
Now that you’ve found the car, truck, or SUV that you can’t live without, you’ve got to decide how you’re going to get it home. Should you buy or lease? We’re here to help you figure out which option is best suited to your budget and lifestyle!
Red Carpet Leasing
Leasing with Ford’s Red Carpet Lease program comes with myriad benefits! It’s the best option for drivers who want to drive a new car every few years. And with your new Ford comes excellent warranty coverage, plus the peace of mind that comes with not having to worry about costly repairs!
Here at Lunghamer, we give our customers options with a variety of leasing contracts. You can choose from a range of leasing terms, such as overall lease length, mileage options, and lease-end requirements!
What is Leasing?
For drivers who want to enjoy a new car every few years, along with the warranty coverage that goes along with it, leasing is an excellent option.
When you lease a car, you won’t own it. It’s like a long-term rental that you have to return to the dealership when your lease contract ends! In your lease agreement, you agree to keep the car’s mileage under a certain number. You also agree to return the vehicle in great condition at the end of your lease.
When to Lease:
- You want to drive a new car every few years!
- You love the idea of always having warranty coverage.
- You can keep the vehicle clean, inside and out, and in good working condition.
- You can accurately estimate your mileage needs and adhere to your contract.
- You like the idea of returning one vehicle at the end of your lease in exchange for another lease on a newer model!
Financing
To finance, you’ll take out a loan to cover the cost of your new vehicle and agree to a repayment schedule. After you make the last payment, you’ll own the vehicle, free and clear. Typically, the better your credit, the lower your interest rate will be! Drivers who choose to finance often put money down on their new car to reduce the amount of interest they’ll pay overall.
Our Financing Options:
When you purchase a new, used, or certified pre-owned Ford at Lunghamer, you can obtain your loan right here! Our finance department offers a wide range of loan packages. We’re also proud to serve everyone, whether your credit is perfect or you have yet to build any, we can help you drive home in the car or truck you love!
When to Finance:
- After you make your final payment, you want to own your vehicle outright.
- You want to customize your vehicle with aftermarket style or performance features.
- You plan to drive a lot, and you know your mileage will surpass the terms of a leasing agreement.
- You plan to drive the same vehicle for more than a few years.