Lease Vs. Buy A Car: What Should You Do?

Buying Vs. Leasing: What’s Better For Your Dream Car?

You finally found the ultimate Ford vehicle of your dreams—but now you’ve got a big question at hand—should you lease vs. buy the car? After all, both methods help you drive home in your new ride—but the way they work is entirely different. Stick with us today as we explore leasing vs. buying a car pros and cons—and don’t forget to also visit us at Ford of Port Richey in Port Richey, FL, to speak with an auto finance expert today.

Keep It Short And Sweet: Why Lease?

Does a low-commitment, short-term contract sound like a solid plan for driving your next vehicle? Consider a lease where you essentially engage in a long-term rental that usually lasts from 12-36 months—after which, you can drive a new car to help ensure you keep up with the latest tech and powertrains—or drive something completely different if you like change, like going from a Ford EcoSport to an F-150 pickup—there’s no wrong answer here.

Also, keep in mind you’ll typically pay less on your down payment and monthly fees when compared to a lease for the same cruiser. Plus, you’ll often return your vehicle before critical maintenance intervals begin, helping you save potential thousands on service, and making a lease an affordable option.

However, keep an eye on your odometer, as auto leases require you to stick to mileage limits before returning your vehicle. Additionally, since you’re returning the car, you can’t make any permanent modifications, which usually isn’t an issue if you’re commuting or cruising around nearby places like Trinity, FL, or taking an occasional road trip.

In It For Keeps: Why Get An Auto Loan?

Want to drive your vehicle for years to come instead of trading it off? A loan is the method for you, where you make a down payment, and a series of monthly payments, and eventually buy the vehicle over time. Since the cruiser now belongs to you, you’re no longer tied to mileage limits. Also, since you can now make permanent changes, you can change your paint to your favorite color or tune out your engine to create the ultimate track legend.

However, keep in mind a loan usually costs more than a lease for the same vehicle. Plus, since you’re owning your ride for many years, the technology might feel dated over time—but since you’re welcome to upgrade your infotainment system and entertainment features, this is rarely a complaint amongst car owners.

Your Next Vehicle Awaits: Visit Us Near Lutz

Eager to command your favorite Ford model at a price that fits your budget? Stop by Ford of Port Richey near Land O’ Lakes, FL, for a closer look at financial plans that work for your style and needs. While you’re here, we’ll also help in any way possible, whether it’s using a lease vs buy calculator to assist you in deciding what’s best for your situation or asking basic auto questions—that’s only the start of how we help as your local Ford dealership in Port Richey.

Price is plus tax, tag, title, registration, any dealer-installed accessories and dealer-provided benefits, and a pre-delivery service fee of $1198, Private Tag Agency Fee of $189, and Electronic Registration Filing Fee of $199, which charges represent costs and profits to the dealer for items such as inspecting, cleaning, and adjusting vehicles and preparing documents related to the sale. New vehicle pricing excludes the $3495 Ford of Port Richey Advantage Program. Pre-owned vehicle pricing excludes the $3495 Ford of Port Richey Advantage Program. All prices, specifications, and availability subject to change without notice. Contact dealer for most current information. All advertised pricing is on in-stock units only and includes all applicable dealer discounts, manufacturer discounts, and incentives. Certain offers and incentives presume financing through the Manufacturer Captive Lender, subject to approved credit. Should you purchase the vehicle through the use of other funds or through other lending sources, certain offers and incentives may be excluded. Due to supply chain challenges and limited inventory, vehicles may be subject to an additional market adjustment depending on inventory production, availability and market conditions. Please see dealer for details.

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