Many questions come up when shopping for a new car, especially with regards to financing.
You may be asking yourself, "Do I want to buy or lease my next car?"
Or "What exactly is the difference between buying and leasing?"
At County Ford, we understand that making such a huge decision can be overwhelming. While we can't give you a definitive answer about which option is best for you, we can help ease some of the stress. We've created an outline of advantages for buying vs. leasing in the hopes it will help you make an informed decision about which is the best fit for your lifestyle.
If you're torn between your options to buy or lease a vehicle, consider this question: Do you eventually want to own your car?
If your answer to that question was yes, buying may be the way to go. Why? Ownership is the biggest difference between buying and leasing.
For example, while both options require monthly payments, the money that goes toward leasing is similar to rent payments - meaning the car will eventually be returned to the lessor. Payments for buying a car will eventually result in you owning the vehicle.
There are other advantages for each option. It is up to you to decide which set sounds like the best fit for your lifestyle.
If you choose to purchase your vehicle, you'll also enjoy:
One possible drawback to buying a vehicle is that you have sole responsibility for its condition and, eventually, its resale value.
Some advantages of leasing are:
While there are many advantages to leasing, it's important to note that manufacturers often impose mileage and customization restrictions on leased vehicles.
If you're still unsure which option is best for you, contact County Ford's friendly and helpful Finance Department. With their assistance, plus our convenient online credit evaluator, you're sure to find the financing solution for you.
Don't forget to check out available financing and lease specials on a number of our new and used Ford vehicles. Our dealership is in Graham, North Carolina, which is just a short drive from Burlington and Greensboro. Feel free to contact us with any questions or concerns.
County Motor Company Inc