The Differences Between Financing & Leasing a Ford

Ford Financing vs. Leasing in Blue Springs, MO

If you're considering upgrading your ride, one of the first decisions you will need to make is whether to finance or lease your new car, truck, or SUV. Both options have advantageous benefits, and determining which is best will depend on your own lifestyle and financial situation. The finance specialists at Blue Springs Ford have developed this page to answer some of the common questions about buying and leasing. If you're still unsure if you should lease or finance after reading, get in touch with our dealership in Blue Springs, MO with our contact form or by calling us at (866) 379-5712.

Benefits of Financing a Car

The largest and most obvious benefit of choosing to finance your new car, truck, or SUV is that you will eventually own the vehicle. That gives you much more freedom after the car is paid off. You are also likely to see lower insurance costs, and will be free of the mileage restrictions that are included with lease agreements.

  • Own your new vehicle
  • Lower insurance premiums
  • No mileage restrictions

Things to Consider When Financing a Car

Before you look into your auto finance further, it's important to figure out what you will be comfortable with as a monthly payment. Depending on the initial down payment, monthly payments tend to be higher when financing. Additionally, Blue Springs Ford offers a Fresh Start program for drivers with a less-than-stellar credit history. If you need some help improving your credit score, we encourage you to take a look. If you're ready to get started with the financing process, you can apply for financing online before you visit our dealership.

Benefits of Leasing a Car

Alternatively, an auto lease is perfect if you're looking for less financial and time commitment. When you lease a vehicle, your monthly payments will typically be lower than financing payments. The upfront cost will also be lower, with a low down payment, or even no down payment at all. Lease agreements typically last only 24-36 months, so you are able to upgrade your ride more frequently.

  • Lower costs
  • Shorter time commitment
  • Easier to upgrade every few years

Things to Consider When Leasing a Car

A major detractor to leasing is the mileage restrictions that often accompany a lease agreement. If you spend a significant amount of time on the road and put more than the allotted miles on your car, you'll pay a hefty bill for the additional mileage. If you're ready to learn more about the leasing process, get in touch with a Blue Springs Ford representative by calling (866) 379-5712, or by filling out our online form.

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