subject: To Buy or Lease is the Question at Interstate Ford [print this page] At Dayton's Interstate Ford dealership, customers can find many options for getting the deal on a new or used Ford. One of the biggest decisions is the options between buying and leasing.
Not everyone will benefit from lease and not everyone will want to purchase their new Ford. Our Dayton dealership is ready to help you decide which option is right for you.
Leasing
When you lease a new Ford, you are paying a part of the cost of the vehicle. You are obligated to pay for the amount of time you drive the car. Leasing is not the same concept as renting and you must meet eligibility requirements to obtain a lease. Typically, you may not be required to put money down but at the time of signing the lease, you will need to make your first monthly payment. With a lease, you have restrictions including the amount of mileage per year you can put on your new Ford without additional fee and the condition in which your Ford is kept. After the lease terms have expired, you have the option to choose a new deal on a Ford model or purchase the leased Ford at its depreciated value.
Purchase
When you buy your Ford, you must pay for the total cost of the vehicle whether it is in cash or through financing. You may be required to put down cash to get a better deal on the loan interest rate. There are no limitations with a purchase, as the vehicle will be owned by you until you decide to trade up for a new Ford.
There is no one right decision so consider your financial status to determine whether a Ford purchase or Ford lease will better serve your needs. Ask one of our Dayton dealership team members for more information about the benefits of each. We can help you make the right choice.
To Buy or Lease is the Question at Interstate Ford
