Buying vs Leasing: Pros and Cons

Leasing vs. Buying Your New Ford

Why Buy?

  • Any money you spend on a new car goes towards owning it as opposed to borrowing it for a few years. When you're done with your payments, your new vehicle is truly yours to do with what you will.
  • You can drive as many miles as you want without having to worry about paying extra fees (if you drive more than 12,000 miles a year, this is something to zero in on).
  • You can modify or otherwise customize your car with new paint or equipment as much as you like.
  • When it's time to buy another new car, you can trade your current one towards it and reap the benefits of its resale value.

Why Lease?

  • Monthly lease payments account for a vehicle's expected depreciation rate, so you're likely to pay less per month to lease a vehicle than you would to buy it.
  • You can stay up to date with the latest models and take advantage of new technology and safety features as you will be able to drive a brand new car every few years.
  • You always have the option to buy your leased vehicle at lease-end if you fall in love with it or you can simply start the process over again with another brand new car.
  • Save on repairs. It's likely that your vehicle will remain under warranty for the duration of the lease, meaning most repairs are covered.

Should I Buy or Lease My New Ford?

Which route you take depends entirely on your personal preferences and driving style. Many customers who spend a lot of time on the road and like the freedom of customizing their vehicles prefer to own their cars and tend to gravitate towards financing. On the other hand, drivers who don't tend to rack up very many miles and do get a kick out of driving a brand new vehicle every few years often find that leasing is the way to go. Stop by Miracle Ford today to meet with our auto finance team to learn more about whether buying or leasing your next new Ford is right for you!


Contact

Miracle Ford

1394 Nashville Pike
Directions Gallatin, TN 37066

  • Sales: (615) 452-5267
  • Service: (615) 452-5267
  • Parts: (615) 452-5267

Ask us a question!

Hours

  • Monday 8:30AM - 8:00PM
  • Tuesday 8:30AM - 8:00PM
  • Wednesday 8:30AM - 8:00PM
  • Thursday 8:30AM - 8:00PM
  • Friday 8:30AM - 8:00PM
  • Saturday 8:30AM - 7:00PM
  • Sunday Closed
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