Leasing vs Buying a New Ford

July 8th, 2022 by

With so many financing options available, the search for the perfect vehicle leaves many shoppers feeling overwhelmed. But car buying doesn’t have to be a chore! Here at Parks Ford Hendersonville, we’ve made the process simple – with dedicated finance specialists here to help you choose the best payment plan for your budget.

Our sales staff will also help you find a vehicle that fits your lifestyle, considering your family’s unique needs. We’ll learn more about your requirements regarding:

  • Size
  • Seating/cargo capacity
  • Safety and driver assist features
  • Fuel efficiency
  • Tech and infotainment capabilities

Leasing is often an affordable option for drivers who like to change vehicles every few years, while buying is better for those interested in making a long-term investment. Read on to learn more about each option – and to decide which is best for you!

WHAT YOU SHOULD KNOW ABOUT LEASING A CAR

Because lease agreements typically only last two or three years, you’ll enjoy the opportunity to upgrade to the latest model when your lease term is up. Just think of it as an extended vehicle rental! We’ve detailed some more perks below, along with some disadvantages to leasing a car.

Pros of Leasing 

  • More affordable monthly payments
  • Lower down payment (No money down offers may be available!)
  • Less sales tax
  • Peak vehicle performance before mileage adds up
  • Lower repair costs for vehicles still under the factory warranty
  • Chance to upgrade every few years without the hassle of selling

Cons of Leasing 

  • Higher cost over time compared to purchasing
  • Continued monthly payments if you lease repeatedly
  • Strict mileage limit and penalties for exceeding specified number of miles
  • Complicated contracts from the leasing company
  • Potential for expensive wear-and-tear fees
  • Fees for early lease termination
  • No equity in the vehicle
  • Inability to customize with performance packages or accessories

WHAT YOU SHOULD KNOW ABOUT BUYING A CAR

Buying a vehicle may be pricier upfront, but financing is often more cost-effective over time. You’ll not only build equity, but enjoy the freedom to personalize your vehicle! Plus, there are no mileage limits or additional fees for wear and tear. And when it’s time to upgrade your ride, just trade it in! We’ll offer top dollar at Parks Ford Hendersonville and help you get behind the wheel of a great new ride!

CALL THE PARKS FORD FINANCE DEPARTMENT IN HENDERSONVILLE TODAY!

Our dedicated finance specialists are standing by, ready to help you every step of the way! Click here to learn more about our streamlined process – and to get started today!

Because we believe that your financial situation should never stand between you and a reliable ride, we work with all types of credit score ranges! Whether you’ve got a good credit score or a less than desirable credit history, we’re here to help! A low credit score may mean a higher interest rate, but our team will work hard to secure the most competitive rate available.

Whether you decide to lease or buy, now’s your chance to improve your credit score! By making payments on time, you’ll not only improve your payment history but positively affect your credit score.

Parks Ford Hendersonville is your source for Ford vehicles near Asheville, NC. Our knowledgeable, friendly team is proud to serve North Carolina drivers throughout Buncombe County, Brevard County and Transylvania County, so come see us today!

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