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Leasing Vs. Buying
Have you picked out the perfect Ford model but are having difficulty deciding whether to buy or lease? No worries! You have come to the right place to help make the right financial decision. The finance experts at Boulevard Ford of Lewes have compiled a list of the pros and cons when it comes to whether you want to buy or lease a car. We want you to have the financial freedom to make the educated choice that is best for you when you find the Ford F-150, Ford Bronco Sport, Ford Mustang Mach-E, or Ford Escape for your next adventure. Check out the pros and cons regarding whether to buy or lease a car below.
Pros of Buying
• You own the vehicle and can personalize it as you desire.
• There is no mileage limit.
• You could potentially save money in the long run.
• Insurance costs are typically lower.
• You can sell or trade in the vehicle whenever you want.
Cons of Buying
• Down payments and monthly payments are often more expensive than when leasing.
• The value of the vehicle depreciates.
• Repair costs can be higher once your vehicle’s warranty ends.
Pros of Leasing
• Monthly payments are typically less expensive than buying.
• You can drive the latest model with the newest safety features.
• Maintenance costs are usually less thanks to the manufacturer’s warranty.
• Vehicle depreciation or trade-in value is not much of a concern.
Cons of Leasing
• There is a mileage limit.
• You have to pay expensive penalties for excessive wear and tear.
• You cannot customize the vehicle as you wish.
• Leasing can be costly if you decide you want to end the leasing agreement early or if you lease a vehicle one after another.
Buy or Lease a Car with Us!
As you just read, there are several benefits for both buying and leasing a vehicle. Fortunately, the team at Boulevard Ford of Lewes is available to help you with your decision. Contact us today if you have any questions or concerns about whether to buy or lease a car.
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