Buying vs. Leasing
Buying vs. Leasing
Weigh Your Options
When deciding on a new vehicle, choosing whether to buy vs. lease can be challenging. It varies from individual to individual, depending on the advantages you seek. As your automotive experts, we’re here to assist you in weighing the advantages and differences of buying vs. leasing a vehicle. Keep reading to discover which option best suits you, and visit our Ford dealer to start your journey!
Buying vs. Leasing: What’s the Difference?
As a driver, do you find yourself wanting to switch up your car every year or two? If the answer is yes, then leasing a vehicle may be a better-suited option than buying. If you’re looking to invest in your vehicle and build equity, purchasing a vehicle may be your better option. Below you’ll find the key differences between buying vs. leasing to help you make an informed decision.
Buying |
Leasing |
|---|---|
|
Ownership You own your vehicle for as long as you wish on your own terms |
Leasing You are under a lease contract with terms for a designated amount of time |
|
Loan payments you will pay off the vehicle over time |
Lease payments Lower monthly payments for the vehicle’s depreciation and lower maintenance/service costs (Most automotive brands include the maintenance for 2-3 years) |
|
Reselling When you decide you want a new car, you will have to either trade-in or sell it |
Trading In At the end of your lease, you simply return it to the dealer without any worry of reselling |
|
Investing Even though your vehicle’s value will depreciate, you’ll still have equity and cash value |
Renting Although the value of the vehicle you lease has no future effect on you, you will have no equity or investment in it |
|
Unlimited Mileage Though more miles equals lower trade-in value, when you own your vehicle, there is no cap on the number of miles you can drive |
Limited Mileage A majority of leases limit the number of miles you can drive, and often, you have to pay for surpassing the limit |
|
Ability to Customize Since you own your car, you can customize any part of your vehicle on your own terms |
Lease Restrictions Having to return your leased vehicle in the same condition limits you from modifying your car in any way |
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Final Payments Once you’ve paid off your car loan, you have no further payments to worry about |
Renewing Payments At the end of your lease, you can choose to purchase the car or decide on a new car to lease |
The Choice is Yours
Leasing a car is a lot like renting an apartment; buying a car is a serious commitment and investment of your money. There are distinct downsides to both buying vs. leasing a vehicle, but there are also plenty of advantages to both processes. There is no incorrect choice when it comes to buying vs. leasing. It all depends on which process works best for you. Are you still conflicted on whether to buy vs. lease your next vehicle? Speak with our team, and we’ll work with you individually to find the best option for you.
- MSRP: Call For Price
- Body Style: 3D Cargo Van
- Model Code: W1Y
- Engine: Electric
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Ebony
- VIN #: 1FTBW1YK3NKA63401
- Stock #: C221491
- Status: STOCKINVENTORY
- MSRP: $62,980
- Dealer Discount: -$13,980
- Preston Price: $49,000
- Body Style: Regular Cab Pickup
- Model Code: F2A
- Engine: 6.2L 2-VALVE SOHC EFI NA V8 FLEX-FUEL (STD)
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Gray
- VIN #: 1FDBF2A66NEG06477
- Stock #: F222219
- Status: STOCKINVENTORY
- MSRP: $50,760
- Dealer Discount: -$5,113
- Preston Price: $45,647
Add. Ford you may Qualify For:
- Military Recognition Exclusive Cash Reward -$500
- Body Style: Extended Cab Pickup
- Model Code: X1E
- Engine: Regular Unleaded V8 5.0 L
- Drive Type: 4WD
- Transmission: Automatic
- Ext. Color: Carbonized Gray Metallic
- Int. Color: Black
- MPG: 19 City / 22 Hwy
- VIN #: 1FTFX1E52PFB20955
- Stock #: F230490
- Status: In Stock
- MSRP: $75,969
- Dealer Discount: -$9,069
- Preston Price: $66,900
Add. Ford you may Qualify For:
- 2024 Farm Bureau Recognition Exclusive Cash Reward -$500
- 2024 First Responder Recognition Exclusive Cash Reward -$500
- 2024 Military Recognition Exclusive Cash Reward -$500
- Body Style: 2D Standard Cab
- Engine: Intercooled Turbo Diesel V-8 6.7 L/406
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Inyl 40/20/40 Seats Medium Dark Slate
- VIN #: 1FDRF3ET1PEC48454
- Stock #: C230511
- Status: STOCKINVENTORY
- MSRP: $52,895
- Dealer Discount: -$4,367
- Preston Price: $48,528
Add. Ford you may Qualify For:
- Military Recognition Exclusive Cash Reward -$500
- Body Style: Sport Utility
- Model Code: K8J
- Engine: Intercooled Turbo Premium Unleaded I-4 2.3 L/140
- Drive Type: 4WD
- Transmission: Automatic
- Ext. Color: Star White Metallic Tri-Coat
- Int. Color: Ebony
- MPG: 19 City / 22 Hwy
- VIN #: 1FMSK8JH0PGB50712
- Stock #: DX239730
- Status: In Stock
- MSRP: $61,000
- Dealer Discount: -$2,600
- Available Offers:
-$2,500
- Preston Price: $55,900
- You Save: $5,100
Add. Ford you may Qualify For:
- 2024 Farm Bureau Recognition Exclusive Cash Reward -$500
- 2024 First Responder Recognition Exclusive Cash Reward -$500
- 2024 Military Recognition Exclusive Cash Reward -$500
- Body Style: Crew Cab Pickup
- Model Code: W2A
- Engine: Intercooled Turbo Diesel V-8 6.7 L/406
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Gray
- VIN #: 1FT7W2ATXPEC40803
- Stock #: F230681
- Status: STOCKINVENTORY
- MSRP: $72,429
- Dealer Discount: -$8,529
- Preston Price: $63,900
Add. Ford you may Qualify For:
- Military Recognition Exclusive Cash Reward -$500
- Body Style: Regular Cab Chassis-Cab
- Model Code: F3F
- Engine: Regular Unleaded V-8 7.3 L
- Drive Type: 4WD
- Transmission: Automatic
- Ext. Color: White
- Int. Color: Dark Slate
- VIN #: 1FDRF3FN1PEC63147
- Stock #: C230782
- Status: STOCKINVENTORY
- MSRP: Call For Price
- Body Style: 3D Cargo Van
- Model Code: W1Y
- Engine: Electric
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Ebony
- VIN #: 1FTBW1YK5PKB17378
- Stock #: C230814
- Status: STOCKINVENTORY
- MSRP: $40,925
Add. Ford you may Qualify For:
- Military Recognition Exclusive Cash Reward -$500
- Body Style: Specialty Vehicle
- Model Code: E3F
- Engine: Regular Unleaded V-8 7.3 L/445
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Medium Flint
- VIN #: 1FDWE3FN2RDD20924
- Stock #: C231079
- Status: STOCKINVENTORY
- MSRP: $69,374
- Dealer Discount: -$7,474
- Preston Price: $61,900
Add. Ford you may Qualify For:
- Military Recognition Exclusive Cash Reward -$500
- Body Style: Extended Cab Pickup
- Model Code: X2A
- Engine: Regular Unleaded V-8 6.8 L/415
- Drive Type: RWD
- Transmission: Automatic
- Ext. Color: Oxford White
- Int. Color: Gray
- VIN #: 1FT7X2AA6PEC63152
- Stock #: F230926
- Status: STOCKINVENTORY
Disclaimer
Additional rebates may be available to reduce your price further. All prices include freight and destination. Pricing of vehicles on this website does not include options that may have been installed at the Dealership. Pricing includes current rebates and manufacturer incentives such as Ford Credit Retail Bonus Customer Cash. Manufacturer incentives are subject to residency restrictions. All financing is subject to approved credit. Monthly payment calculator is an estimate and does not include tax, title, license or doc fee of $499. Please contact the Dealership for latest pricing and monthly payment. Published price subject to change without notice to correct errors or omissions or in the event of inventory fluctuations. Price good for 2 days only, please contact store by email or phone for details. While every effort has been made to ensure display of accurate data, the vehicle listings within this website may not reflect all accurate vehicle items. Accessories and color may vary. All Inventory listed is subject to prior sale. Every effort will be made to hold your vehicle of interest but may be sold prior to the time of purchase. In the event your vehicle of interest is sold, we will do our best to find a like model. The vehicle photo displayed may be an example only. Vehicle Photos may not match exact vehicle. Though we make every effort to provide you the most accurate, up-to-date information, occasionally, one or more vehicles on this website may be incorrect due to typographical, photographic, occasional human or technical error. We reserve the right to refuse to honor any incorrect internet prices as we cannot account for the occasional human or technical error. Please confirm vehicle price with Dealership. See Dealership for details. 4/27/2024
| Monday | 8:30AM - 8:00PM |
| Tuesday | 8:30AM - 8:00PM |
| Wednesday | 8:30AM - 8:00PM |
| Thursday | 8:00AM - 8:00PM |
| Friday | 8:30AM - 8:00PM |
| Saturday | 8:30AM - 6:00PM |
| Sunday | Closed |
| Monday | 8:00AM - 6:00PM |
| Tuesday | 8:00AM - 6:00PM |
| Wednesday | 8:00AM - 6:00PM |
| Thursday | 8:00AM - 6:00PM |
| Friday | 8:00AM - 6:00PM |
| Saturday | 8:00AM - 5:00PM |
| Sunday | Closed |
| Monday | 8:00AM - 6:00PM |
| Tuesday | 8:00AM - 6:00PM |
| Wednesday | 8:00AM - 6:00PM |
| Thursday | 8:00AM - 6:00PM |
| Friday | 8:00AM - 6:00PM |
| Saturday | 8:00AM - 5:00PM |
| Sunday | Closed |