With so many great Ford vehicles available on the market today, you might find it difficult to choose the perfect one for you. Once you have accomplished that feat, your attention will turn to how you want to pay for it. You can explore several options to get the vehicle that you want to fit within your personal or family budget. The two most common boil down to either leasing or financing. You might be wondering what the key differences are between the two, so Cooper Ford in Richfield Springfield, NY would like to take a moment to highlight those.

What Does Leasing Your Next Ford Entail?

Leasing is a way to enjoy all the benefits of driving around Rome, NY, in a new Ford without needing to pay interest or finance charges. In exchange for lower monthly payments, the dealership will retain ownership of your vehicle. When the term of the lease is up, typically in about 36 months, you will return your car, truck, or SUV to a Ford dealership near you. Your payments will end at that point as well.

What Are the Advantages of Financing?

Many New Hartford drivers like to keep their Ford for a long time. You might also enjoy making modifications that leases do not permit you to do. Financing is a great way to own your vehicle and keep it for as long as you like. Interest rates can be quite low depending on your credit, and you can often choose the length of your loan.

Now that you know the key differences between leasing and financing, the decision boils down to what is best for you. If you plan on keeping your Ford for a long time, then you might want to explore financing it and paying it off over time. If you would rather get a new vehicle every few years and pay a bit less every month on average, then leasing is a great option. Regardless, stop by Cooper Ford near Amsterdam, NY and take the Ford of your choice on a test drive to experience the difference.

Categories: New Inventory
Tags: new ford, Leasing