Ford

720 N Hobart Rd
Directions Hobart, IN 46342

  • Sales: (877) 411-5014
  • Service: (877) 413-0029
  • Parts: (877) 434-5242

Buy vs Lease

 


When it comes to making a decision about buying or leasing, there are a lot of factors you need to consider. Choosing what's right for your family isn't always the simplest thing, but here are a few quick things to know about leasing and purchasing a new vehicle to help get you started:
 
Buying:
•  Requires a higher down payment and requires higher monthly payments
•  In the long run, buying will cost you less than leasing
•  You are personally responsible for all maintenance and service costs
•  Flexibility to sell or trade in your car as you wish
•  You get to really own your car, and that can be a priceless feeling
 
Leasing:
•  Offers you a lower down payment and lower monthly payments
•  Leasing a car will be more expensive in the long run
•  You are restricted to a certain mileage and going over can be costly
•  You can get yourself into newer, nicer cars more frequently
•  Trade-ins at the end of your lease are easy, but contracts can be confusing
•  You don't own the car at the end of the lease period
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