Nov 10, 2023
When it’s time for a new car, you will have to choose whether to buy or lease your new Ford. There are certainly advantages and disadvantages to both financing options. Fortunately, your Ford dealership can make your auto financing process simple.
Buying a new car is a good option if you want to customize the vehicle with aftermarket parts or if you expect to own the vehicle for more than three or four years. It makes sense to buy a car if you have a commute, or you expect you will need to drive more than 10,000 to 12,000 miles a year, since purchasing your vehicle means you will have unlimited miles.
Leasing a Ford makes more sense if you like to have the most updated model, or you prefer to drive a car that is continually under factory warranty. You may also want to consider leasing if you plan to keep your vehicle in good condition to minimize wear and tear. Leasing may also be a good idea if you are unable to gather a sizable down payment, since leasing a car is generally cheaper.
Can You Buy or Lease With Ford Credit?
Whether you lease or buy your new Ford, you should consider financing your vehicle purchase with Ford Credit. With an auto loan from Ford, you will be able to enjoy flexible loan terms and interest rates. For car buyers, Ford Credit auto loans help you build vehicle equity. For drivers who lease, Ford Credit allows you to select an ideal mileage limitation and offers a variety of lease-end choices.
What Is the Financing Process Like at Your Ford Dealership?
Financing your new Ford at the dealership is a streamlined process. First, you can submit an online application to be pre-approved for a loan to start your financing process. When you understand what you can afford, it makes shopping for your next Ford exponentially easier. After auto loan pre-approval, you can hammer out the details of your financing terms with the dealership.
Financing through your dealership is a great option if you are trying to build credit, recover your credit, or you simply have a low credit score. The finance experts at the dealership will get you the most competitive rate based on your credit history. Using financing deals like a trade-in can make purchasing or leasing your new Ford more affordable.
The choice of whether to lease or buy your new Ford will ultimately depend on your car ownership preferences and goals. Either way you go, dealership financing deals with Ford Credit make purchasing a new car a breeze. Check out your easy financing options when you contact Chestatee Ford today.
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