Once you’ve picked out your next Ford car, truck, or SUV from our inventory, it’s time to think about the best payment option for your budget. There are benefits of leasing a Ford, and benefits of buying a Ford, and it’s important to figure out which payment plan works best for your lifestyle. Fortunately, you’re not alone in this process! The helpful loan and lease specialists at our auto finance department in Lexington, SC have years of experience, and are ready to assist. Check out our current incentives to find ways to save on the Ford model of your dreams, and read on to learn more about leasing vs. buying a car.
It’s helpful to directly compare payment options when you’re wondering, “should I buy or lease?” Drivers who know they want to get into a new Ford model every few years may lean toward leasing, while drivers who wish to outright own their vehicle for years to come will most likely favor buying. Read on to learn more about buying vs. leasing a Ford car, truck, or SUV, and feel free to reach out to our team at (803) 359-4114 for more detailed information.
|Leasing a Ford||Buying a Ford|
|You pay to use the vehicle for the duration of the lease term, then return or purchase the vehicle.||Ownership||You own the vehicle as soon as you fulfill the agreed-upon financing terms, and can do what you want with it.|
|Monthly lease payments are generally lower because you are only paying for the vehicle’s value during the lease.||Payment||Monthly loan payments are generally higher because you pay for the entire value of the vehicle, but each payment helps build future equity.|
|You can customize your vehicle at the time of purchase with approved accessories through our dealership.||Customization||You can freely customize your vehicle.|
|You will choose a mileage plan that works for you, but will pay for any mileage overages you incur.||Mileage||You will not face any mileage restrictions, but putting more miles on your car will affect the vehicle’s value over time.|
|While a typical amount of wear and tear is covered in leasing, anything outside of those limits will be your responsibility.||Wear and Tear||You will not face charges for wear and tear, but it could affect your vehicle’s value when it comes time to resell it or trade it in.|
|When your lease is up, you can choose to buy the vehicle outright or return it to our dealership and choose your next new vehicle.||End of Term||Once you fulfill your loan terms, your car, truck, or SUV is yours to keep, trade-in toward your next vehicle, or resell it down the line.|
At Jim Hudson Ford in Lexington, SC, we genuinely look forward to working with you. Our team focuses on customer satisfaction above all else. There’s a good reason why readers of The State voted us ‘Best New Car Dealership’ for 10 years in a row and counting! Stop by during our business hours to experience the difference, or fill out our online contact form with any questions you may have.