Cooper Ford

3144 US Highway 20
Directions Richfield Springs, NY 13439

  • Sales: (315) 858-1350
  • Service: (315) 858-1350
  • Parts: (315) 858-1350

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Deciding on Buying or Leasing with Cooper Country Ford

So, you've settled on your new Ford and you're excited to get in the driver's seat and really experience it in the Richfield Springs area. But, there's one thing left to do: deciding how you are going to pay for it. But, it's not all cut-and-dry. You can either choose to finance and buy your car outright or you can lease it, like a rental program. How do you choose which one is best for you?

The Benefits of Buying a Vehicle

Still the most popular option for many car-owners, buying gives you one of the most satisfactory feelings: owning your first car. You can comprise the buying process of three different options, as long as they equal the sum of the price tag:

  • A down payment
  • Trading in your old vehicle
  • An auto loan

When you finance your new or used vehicle, the loan is held through a bank, credit union or finance company and not the car dealership. You make monthly loan payments of the principal amount and any interest accrued and the term of the loan varies from a few years to seven or eight.

Once the amount is paid down, the car is yours to do with as you please. There is no limitation on mileage, so you can drive as long and as far as you feel. Want to paint pink highlights on it? By all means, show your creative streak!

The Benefits of Leasing

You might not want to drop a lot of money all at once. Leasing just might be the answer you are looking for. With a lease, you will typically have lower monthly payments due to a vehicle's depreciation over its lifetime. That means more money in your pocket to spend on other things while still having a car to drive! Who doesn't like having extra money kicking around?

Maybe you are a person whose style changes every couple of years. Leasing can help accommodate that because you never keep the lease for more than a few years before the terms allow you to trade it in for a newer model.

Under the terms of the lease, maintenance is covered under the manufacturer's warranty, so you never have to worry about extra costs. Again, it's the joy of having extra money kicking around to do with as you please.

You Can't go Wrong with Either Buying or Leasing

There you have it! At Cooper Ford, serving the areas of Herkimer, Ilion, and Little Falls, NY, we're pleased to offer you both buying and leasing as equally strong ways to acquire a new vehicle. Check in with our finance center to learn more about how you can start either process with us. Our favorite part is you smile when you get to drive off our lot with your new owned or leased vehicle.

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Important Privacy Information

Privacy Statement

As a valued customer, we want to ensure your private information is kept private and only shared with those companies who are authorized either by yourself or as allowed or required by law. This document explains our privacy policy, gives you reasons why we ask for the type of information we do, and if we do reserve a right to share information with non-affiliated third parties, lets you "opt-out" of our reservation to do so. Please take a moment to read this entire policy.

Collection of Information
The purchase of a motor vehicle requires considerable accumulation of nonpublic personal information. For example, if we sell or lease you a vehicle - extending you credit at your request - we will receive information from you in order to determine your creditworthiness. We may also obtain information from a credit-reporting agency. We may also obtain information from third parties such as employers, references and insurance companies.

Some of the information we obtain from you may be required by state of federal agencies, such as the Department of Motor Vehicles or the Internal Revenue Service. This information may be required even if you were to pay cash for your vehicle. Examples would be a driver's license or social security number.

Protecting Your Information
We safeguard nonpublic personal information according to established industry standards and procedures. We maintain physical and electronic safeguards that comply with state and federal law. We restrict access to nonpublic personal information about you to those employees and outside contractors who need to know the information to provide product or service to you. We prohibit our employees and agents from giving information about you to anyone in a manner that would violate any applicable law or our privacy policy.

Information Sharing
Unless we have indicated our desire to share your nonpublic personal information with non-affiliated third parties (by checking the box in the section below), we share information:

A) For everyday business purposes, such as to process transactions, maintain account(s), respond to court orders and legal investigations, or report to credit bureaus.

B) For purposes of processing a sale or lease transaction as your request or authorize, such as submitting information to third party financial institutions that may be requested to take an assignment of the contract or verifying insurance coverage information.

C) When using outside service providers to help us provide you with products and services. Before providing information to our service providers we enter into contractual agreements prohibiting them from disclosing or using the information other than for the purpose it was disclosed.

D) With "Affiliated" companies. Companies that are affiliated with us include any company that controls us, any company we control, or any company under common control with us.

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I am interested in purchasing or leasing a vehicle and request that my Consumer Credit Report be obtained, at no cost to me, in order to help determine the types and extent of financing which may be available to me.