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Depending on your needs, leasing a new Ford vehicle could be a really smart move. There are financial benefits to leasing a vehicle, and if you’re the type whose vehicle needs change constantly, leasing a vehicle gives you access to a new vehicle every few years. Our finance team can help you decide if leasing a vehicle is the right decision for you. Apply for a lease today, and if you have any questions, feel free to contact us anytime.
Compared to buying or purchasing a new Ford vehicle, the down payment when leasing will generally be quite a bit lower. Since you’re going to be returning the vehicle at the end of the lease, you’re paying more for the depreciation of the vehicle than the entire asset.
Lease terms can vary, but the average length is 3 – 4 years. This means every few years, when you bring back the vehicle you’re leasing, you’ll have the option to move into a newer vehicle with the latest technology and safety features.
Your needs are going to change at some point, and when they do you’re likely going to want a different vehicle. If your family is growing, you may want to get a spacious vehicle with more seats; or if you find yourself commuting further to work, you may want a vehicle that’s better on gas. When you own a vehicle you’ll have to either trade it in or sell it privately before you can get a vehicle that suits your needs better. When you lease a vehicle you don’t have to worry about the hassle of selling your vehicle, or trading it in. At the end of the lease you simply bring it back.
It really all depends on your needs and long-term plans. Leasing gives you access to a new vehicle every few years. Down payments tend to be less when you’re leasing a vehicle compared to financing one. Our finance team can help you decide if leasing is right for you.
Yes, definitely. If you love the vehicle you’re leasing and can’t see yourself driving anything else, you can definitely purchase a vehicle at the end of the lease. Contact our finance teams for all the details.
There’s a range of credit scores and you don’t need perfect credit to qualify for a lease. Generally speaking, the better your credit score the more access you’ll have to low down payments and low interest rates. If you have credit challenges or “bad credit”, it may be difficult to qualify for a lease. Our finance team can explain everything in detail and find out if you can qualify for an automotive lease.
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