Leasing vs Buying Guide

Leasing

Leasing is a little different than the normal car-buying financing process. In electing to lease a vehicle, you sign a contract that ties you to that specific vehicle for a set term or period of time. Usually, this term will last a few years in length, at the end of which you'll be able to start exploring new vehicle options.

This will present you with a number of different opportunities and benefits. The first is unmatched flexibility. If you're someone who values changing cars frequently, so you have the latest and greatest automotive tech, this will allow you to do that.

On the other hand, you could build a bond with your leased vehicle and not want to part with it. If you find that to be the case, you'll also have the opportunity to explore purchasing the leased vehicle outright at the end of your term.

Buying

Exploring a finance plan to buy your new vehicle is also a great option in order to take your Ford home for the first time. This more traditional route could also present you with some benefits. For instance, when you elect to buy a car, it is yours. You'll be able to do with it what you please-making upgrades, changing the paint, or anything else you could think of.

When you buy a new car, you will also not have to worry about going over mileage restrictions. Often with a lease, your contract will specify certain mileage marks you can't exceed. These mileage specifications are flexible, but if you are someone who plans to do a lot of traveling, buying your next car could be the better choice.

What Should You Do? Buy or Lease?

So, now that you've learned more about buying vs. leasing in this guide, which sounds better? The answer to that can be simple, depending upon your wants and needs out of your new vehicle. If you are unsure which suits you best, sit down with our team at Watermark Ford of Marion, where we'll be able to take you through each option.

We hope to assist you near Marion, Herrin, and Carbondale, Illinois, soon!