Factors to consider when deciding between leasing and financing include your driving habits, budget, and desired length of ownership. It's important to carefully weigh each option to determine which one aligns best with your needs and financial situation.
Leasing vs Financing
When you lease a vehicle, you make monthly payments to drive it for a set term, typically two to three years. Leasing usually comes with lower monthly payments, since you are only paying for the depreciation of the car during the lease period. Leasing also allows you to get a new car every few years.
Financing a vehicle means taking out a loan to purchase it. Monthly payments are usually higher than leasing, but once you complete the loan term, you own the vehicle outright. With financing, there are no mileage limits, and you're free to modify the vehicle as you wish.
Contact Us to Learn More
At Interstate Ford, we're here to help you navigate the process of leasing or financing your next vehicle. Our knowledgeable team can answer your questions, discuss your options, and help you find the perfect car for your lifestyle and budget. Contact us today to learn more and take the first step towards driving your dream car.