Should I Buy or Lease?
Should You Buy or Lease in Tallahassee, FL?
Ready to upgrade your ride to a new Ford? The team here at Tallahassee Ford can’t wait to help you find your next sedan, SUV or truck. No matter what type of vehicle you prefer, we’re confident that we have just what you’re looking for.Explore our inventorytoday to get started! Once you’ve found a Ford that interests you, you’ll have another choice to make: Should you buy or lease the vehicle? There’s no right or wrong answer. What might be the best choice for one customer might not be the best option for another. It really comes down to what you want and what makes the most sense for your situation. Let’s consider the pros and cons of leasing and buying your next vehicle.
Why Lease a Vehicle?
Affordable Monthly Payments
If you decide to lease a new Ford, you’ll be required to make payments every month until the end of the lease. One of the perks of leasing versus buying the vehicle is that your monthly payment should be less than a monthly payment on a loan. The result? The benefit of driving a brand-new vehicle (with the latest and greatest features and technology) without paying full price.
Leasing might be right for you if you don’t do an excessive amount of driving. Maybe you work from home or have a short commute. Most leases last 2-3 years and are limited to 10,000-12,000 miles of driving per year. But if you plan on driving more than that, you can buy more miles at signing. One of the best parts about leasing is that you won’t have to deal with the hassle of selling your vehicle to someone else. Simply return your vehicle to the dealership and start a new lease or buy a new vehicle — or you can go ahead and purchase the vehicle you leased. Either way, you have options.
Since you’ll probably be leasing your new Ford for 2-3 years, that means that the vehicle should be protected the entire time with warranty coverage. A new Ford will come with a New Vehicle Limited Warranty, which is good for three years or 36,000 miles (whichever comes first), as well as a Powertrain Warranty, which is good for five years or 60,000 miles (whichever comes first). Since the vehicle you’ll be leasing is new, it probably won’t require any major repairs or replacements, but you’ll have peace of mind knowing that any qualifying defects and repairs will be taken care of.
Why Purchase a Vehicle?
No Additional Fees
Buying your Ford means that you are free from additional fees. Unlike leasing, when you purchase your vehicle, you won’t have to pay fees for going over mileage limits or for excess wear and tear to the vehicle. If you customize your vehicle in any way, you will have to remove any changes you made before returning your lease.
If you decide to purchase your new Ford instead of leasing, you can pay for it in a couple of different ways, depending on your budget. You’ll have the option of paying for the entire vehicle at once, which means you’ll be free from monthly car payments, or you can choose to finance your vehicle, which means you’ll pay off the vehicle over a specified period of time. If your budget allows, make a larger down payment to lower your monthly car payment. In the meantime, be sure to check out our latestspecials on new Ford models!
Ownership gives you more flexibility and freedom than you have when you lease your vehicle. Say goodbye to mileage restrictions and enjoy driving as much and as long as you want to. In addition, you’ll get to customize your vehicle to suit your lifestyle even more. Be sure to ask us about Ford accessories that can enhance your ride. When you purchase a new Ford, you get to experience true independence behind the wheel of a quality, American-made vehicle.
For more information, please visitConsumer Reports’ page. If you’re interested in owning or leasing one of our new models or would like to learn more about your lease-end options, feel free to contact us or come see us in person. Tallahassee Ford is located at243 North Magnolia Drive, Tallahassee, FL 32301, and we look forward to serving our customers from Thomasville, GA, Havana and Crawfordville, FL.