Are you browsing for your next Ford model, but do not know whether purchasing or leasing would be the right decision? The sales professionals Palmetto Ford understands how hard it is to choose between buying or leasing a Ford, because both carry a lot of perks to consider. When it comes to making a comparison to buy or lease a Ford model, you need to learn how it will fit into your driving style. Our team members decided to huddle together and develop a pros and cons list for when you want to buy or lease a Ford. Discover more of their investigation and see if you should buy or lease a Ford by reading below.

Buying Pros

• You can customize your Ford model to your unique taste.

• Payments can be lower in the long run.

• No excess mileage penalty.

• You will be the sole owner of your Ford model and build equity.

• You can easily trade in your Ford model when you are ready to purchase a new vehicle

Buying Cons

• A potentially high down and monthly payment at the onset.

• Expensive repair costs after the warranty expires.

• Vehicle value depreciates over time.

• Sticking to your vehicles for many years instead of getting the latest models. 

• Interest adds up for the entire length of your financing term.

 Leasing Pros

• Ability to drive the latest Ford car, truck, crossover, or SUV model for less.

• Lower monthly payments, and little to no down payment needed. 

• Minimal repair costs due to manufacturer warranties.

• Opportunity to transition to another Ford model every 2 to 3 years.

• No hassle at the end of your Ford lease term.

• You pay less in sales taxes.

Leasing Cons

• Miles are limited to usually around 12,000.

• Higher costs to lease in the long run. 

• You will have to return your Ford model at the end of the lease.

• Excessive wear and tear leads to extra charges. 

Visit Palmetto Ford Today

As you can see, whether you buy or lease a Ford model, you have both pros and cons to thoroughly consider. Things that you will need to look closely at are how much driving you do weekly and which option is more wallet-friendly. Allow us to assist you when it comes to making the right decision. Whether you decided to buy or lease a new Ford car, truck, crossover, or SUV model, we want to make sure that you get behind the wheel in no time. Stop by Palmetto Ford today!

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