Leasing vs Financing

Leasing offers flexibility, making it a great option for drivers who love driving the latest models and prefer less frequent maintenance.

Here’s why leasing might make sense for you:

• Lower Monthly Payments: Lease payments are typically lower than loan payments, making it an accessible way to drive one of our new Ford vehicles.
• Access to Newer Models: Leasing lets you upgrade to the latest trims and features every few years. 
• Warranty Coverage: Many leases coincide with the manufacturer’s warranty period, so repairs and maintenance are often covered.

Leasing does come with mileage limits, which are something to consider if you drive a lot. However, if your driving habits fall within the lease terms, it can be a cost-efficient and convenient option.

Financing outright is ideal for those who want to invest in their vehicle and enjoy the freedom of ownership. When you finance a vehicle through a loan, you’re working toward full ownership, which brings you power.

Here’s why buying might be the right choice for you:

• Equity Building: As you pay off your loan, you’re building equity in the vehicle. Once it’s fully paid off, the vehicle is yours outright.
• Unlimited Mileage: You can drive unlimited distances, making it perfect for those with long commutes or frequent road trips.
• Customization Freedom: From roof racks to interior upgrades, owning your vehicle lets you make it truly your own.

At our Grand Rapids Ford dealership, we work with a network of trusted lenders to secure competitive loan rates and terms that suit your financial goals. Our team will guide you through the process, ensuring your payments align with your priorities.

The choice between buying and leasing comes down to your lifestyle. If you value ownership, equity, and long-term savings, buying might be the way to go. On the other hand, if you enjoy lower monthly payments and frequent upgrades, leasing could be the perfect fit.

Still unsure? Our finance center is here to help. We’ll walk you through the pros and cons of each option, answer your questions, and create a plan tailored to your needs.  We know that financial decisions are personal, and our team takes the time to understand your needs, goals, and preferences. It’s all about finding an option that makes sense for your life.

Applying for pre-approval is a great way to determine what financing avenues are open to you ahead of time. Using this information, we can immediately start leveraging on your behalf.