Are you looking for a new Ford automobile such as the 2017 Ford Escape? If you are in the market for a new vehicle, you may be trying to figure out if you should buy or lease your next car. For some, the question, “Should I lease or should I buy?” plays over and over in their heads much like the title of the Clash’s hit, “Should I Stay or Should I Go.”
If you’re replaying the same question in your head, you don’t have to. Instead, you can contact our Indianapolis, IN Ford dealership and talk to our finance experts. Our experts have the experience to help you make the right decision based on your unique financial situation and future goals.
If you enjoy getting a new car every few years so you can stay current with the latest features, leasing is probably the best choice for you. In addition to giving you access to the newest amenities, leasing is normally more affordable than buying a vehicle.
In general, you won’t have to put as much down when you sign your lease. Because you’re only paying your car’s depreciation, your monthly lease payment will be lower than it would be if you’d taken out a car loan, too. The biggest drawback to leasing is that you will not own your automobile at the end of your lease term. When your lease expires, you will return the vehicle to the dealership where you leased it.
Like leasing, buying an automobile provides advantages that may appeal to you. One benefit that comes with purchasing a car is that you’ll own your vehicle once you pay off your car loan. Unlike a leased car, you can put as many miles on a purchased car as you want. You can also expose it to as much wear and tear as is necessary to support your lifestyle without having to pay a penalty.
If you’re interested in a new Ford car like the 2017 Ford Escape, let us help you decide whether buying or leasing one is the right move for you. Visit Tom Wood Ford to talk to our finance experts today.