If you're in the market for a new Ford truck, SUV or EV and trying to decide between buying vs. leasing a vehicle, you can turn to our experts with confidence. At our Bay Shore Ford dealer, we strive to provide the best automotive solutions tailored to your needs. One of the most important decisions you'll make when acquiring a vehicle is whether to lease or finance it, so we work hard to deliver all the guidance you need along the way. Both options offer unique advantages, and our team is here to help you make the right choice for your lifestyle and budget.
Why Lease a Ford in New York?
There are many benefits that come with choosing to lease a new Ford nearby at Newins Bay Shore Ford, including that it typically comes with lower monthly payments. This means you can drive a newer, more luxurious model for less money each month. Leasing allows you to drive a brand-new Ford every few years, ensuring you always have access to the latest technology, safety features and designs.
Additionally, most lease terms last about three years, aligning with the duration of most manufacturers' warranties. This means your car is always covered under the Ford warranty, reducing your out-of-pocket expenses for repairs. At the end of your lease term, you have multiple options: upgrade to a newer model, purchase the car at a pre-determined price or simply return it and walk away.
Why Buy a Ford in Bay Shore, NY?
When you finance a new Ford model, you own it outright once the loan is paid off. This allows for complete freedom to customize your vehicle or even sell or trade a car when you're ready for a change. And while leasing typically comes with mileage limits, financing gives you the freedom to drive unlimited miles without worrying about additional fees.
As you pay down your loan, you build equity in your vehicle. This can be beneficial if you decide to trade in or sell your car in the future. Another perk of buying vs. leasing a Ford on Long Island is that you're able to custom order a Ford model that has all the features and packages you want.
Finance or Lease a Ford Near Me
At our Long Island Ford dealer, we are committed to making your car-buying experience as seamless and enjoyable as possible. Our knowledgeable finance team is here to explain the pros and cons of leasing vs. financing a vehicle, helping you choose the option that best fits your needs. Contact Newins Bay Shore Ford for additional questions about buying vs. leasing cars and make sure to review our new Ford specials before you decide. We’re excited to get you the keys, regardless of the route you take!
Ford Lease vs. Buy Benefits Review
| Leasing Benefits | Buying Benefits | |
|---|---|---|
| Ownership | Pay for use of your new car and upgrade models once it reaches its lease maturity date. | Pay for ownership of the vehicle and work toward having the title in your name |
| Mileage Limits | Mileage restrictions are determined by lease terms | No mileage restrictions |
| Down Payment | Normally has lower down payments | Generally comes with a higher down payment |
| Monthly Car Payments | Generally has lower monthly payments | Normally has higher monthly payments |
| Auto Maintenance | Required to service vehicle according to manufacturer recommendations | Responsible for repairs not covered in warranty |
| Customization | Customizations are not allowed | Customize your car to your liking |