You’ve sifted through your options and spent ample time researching your favorite Ford options—now all that’s left to do is secure financing. Whether or not you’re a first-time buyer, Flood Ford of Narragansett houses an in-house finance center that caters to your wants and needs, no matter what. Our Ford finance experts are glad to help you understand the difference between leasing vs buying a Ford vehicle. Whether you’re around Narragansett, South Kingstown, or Newport, Rhode Island, our financing options benefit every type of driver. Contact us today to get started!
When you lease a Ford vehicle, you’re essentially renting the vehicle for a specific time period. In other words, leasing provides a short-term contract—typically around 36 months—to drivers looking for quality driving performance in their everyday driving needs. As such, leasing usually includes lower upfront costs and monthly payments due to the time constraints in the lease contract. While leased vehicles include annual mileage limits, leasing is ideal for drivers who require a vehicle that tackles basic, everyday needs—whether it’s commuting or taking short drives around town. Even better, once the lease terms are complete, drivers have the option of returning or purchasing the vehicle.
On the contrary, buying a Ford vehicle allows for an autonomous driving experience through and through. Whereas leasing a vehicle restricts mileage and customization options, buying places the driver fully in control throughout the course of ownership. Although this option means larger down and monthly payments, it can ultimately save you money in the long term depending on your financial and driving needs. Additionally, those who buy a Ford can build equity during the loan period—as well as avoid any additional fees associated with a lease. However, since the vehicle’s title is in the driver’s name, new vehicles can lose rapid depreciation. This impacts the resale value of the vehicle down the line.
Whichever financing option you prefer, know that our Ford finance center is always around to help you find the best possible solution. We understand that many drivers may not know the benefits of buying or leasing, so we strive to deliver a transparent, streamlined buying process—no matter what. Plus, we’ll walk you through any additional savings or specials you may qualify for during the process. This means you can potentially save even more upfront and over time. Contact our team today to get started!
It’s easy to start with Ford financing at Flood Ford of Narragansett. Even if you’re unsure whether you’d prefer to lease or buy your next Ford, our finance experts work diligently to showcase the benefits of either option to find which path is best suited for your budget, wants, and needs. We invite you to fill out our online finance application. That way, once approved, you can knock out the first step to streamline the process further. Before you know it, you’ll be behind the wheel of a new Ford experience!