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Buy Or Lease A New Custom Ford

When you decide that you’re due for a new Ford model, there may be many things running through your mind. Thoughts such as “What do I like?” “What can I afford?” and “What’s available?” cause prospective buyers a world of stress as further questions arise, the main begin the most impactful: should I buy or lease my new Ford model? If these questions have crossed your mind, no worries! The experts at Buss Ford are here to help make this process as effortless as possible as we break down the primary differences between buying and leasing a car in Illinois with our capable team.

Pros of Buying

- When you purchase a new Ford, your car, truck, or SUV is yours and you can add personal touches any way you like.
- No mileage restrictions. Travel anywhere anytime you like.
- Car payments will be a thing of the past once you’ve paid off your loan!
- Typically insurance costs are lower when you purchase, so you can avoid an additional expensive monthly payment when you go this route.
- Owning a new Ford vs. leasing allows the buyer to build equity in the vehicle that can be beneficial if selling.

Cons of Buying

- When you buy instead of leasing a car in Illinois, the value of your Ford will depreciate over time.
- You will likely be required to provide a down payment at the time of purchase in addition to potentially higher monthly payments.
- Your vehicle will not be up to date on new technology when released in other newer models.
- Repair costs can be expensive and will be your responsibility after your warranty has expired.

Pros of Leasing

- When leasing a car in Illinois with us, your monthly payment will likely be lower!
- When you’re ready for an upgrade, you can easily begin a new lease on a newer Ford.
- Down payments are not usually required. Lease specials are available for your benefit.
- Vehicle depreciation is no longer a significant concern.

Cons of Leasing

- When you lease a car in Illinois, you will only be able to drive within 12,000 to 15,000 miles on the car.
- Insurance typically costs more.
- Your payments only end after the vehicle is returned.
- If the car is damaged, you’ll be held liable.

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Your new ride awaits and we’re here to help you find it! Discover tons of top-performing Ford models available such as the Ford Bronco Sport, the Ford Ranger, and the Ford Explorer when you visit to buy or lease a car in Illinois with our trusted team at Buss Ford. Ready to discover if you should buy or lease a custom Ford model? Schedule a test drive with us today!

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