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Browse InventoryBoth leasing and financing offer benefits and depending on the needs of the driver, one choice may be more suitable for you. Which is better leasing or financing? Find out at Jordan Ford and then we can secure your new Ford lease or auto loan today!
Should You Lease?
There are major perks to leasing a new car and it may be the more appealing option for you. Some advantages include:
Affordability: Leasing oftentimes tends to be more affordable when it comes to monthly payments, since you are paying on the depreciation of the vehicle and not the total amount. Due to the lower cost of monthly payments that leasing offers, you can typically get into a higher trim of a vehicle that comes with more upgraded features and amenities for a great price.
New Car Often: If you enjoy that new car smell and utilizing the latest technologies, leasing is a great way to experience that. Leases generally last two or three years, allowing you to get into the latest model often.
Less Repair Worries: Because you are driving the vehicle brand new and during the first couple of few years, you don’t need to worry about extensive repair costs.
While there are quite a few benefits to leasing, there are also disadvantages that you should consider when making your decision. Some disadvantages are that leases tend to have mileage limitations and can cost you if you go over them. Also, you need to be sure to keep the vehicle in good condition or you may end up paying for excessive wear on the car when your lease is over.
Should You Finance?
If you’re considering buying a new Ford in San Antonio, vehicle financing offers many benefits. If you choose to purchase a car, truck, or SUV and opt for financing some advantages of this are:
Ownership: If you want to own the vehicle, financing is the way to go. After paying off the auto loan, you will own the vehicle and you won’t need to worry about monthly car payments anymore. You can decide to keep the vehicle for as long as you want, and when you’re ready, you can trade it in towards your next purchase.
No Mileage Limits: Do you do a lot of traveling for work or road trips? Choosing to finance your car can be an ideal choice for you as there are no mileage restraints to consider.
You Can Customize: If you want to add accessories to your Ford, financing is the route for you. You have the ability to modify your vehicle and do all of those customizations that you dream of!
These are a few of the top advantages to financing a vehicle that can make it the right selection for you. However, there are some disadvantages to take into consideration, like monthly payments are typically higher compared to leasing and when owning a vehicle, after some time, your vehicle may not be under warranty.
Ready to Secure a New Ford Lease or Auto Loan in San Antonio, TX?
After reading about the differences between leasing and financing a car, do you know which is the solution you want to choose? Come lease or buy a new Ford at Jordan Ford today, where we provide a stress-free and quick experience for all your auto financing and leasing needs.
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