Lease vs. Loan

Benefits of Buying vs. Leasing a New Ford in Bethlehem, PA

Drivers are faced with many choices when shopping for a car such as, which model they prefer, the features that are most important, a budget, and the decision whether to buy or lease. There are clear advantages to both and which one is right for you will depend on your budget and personal preference. Our sales and finance teams are well versed in the benefits of buying and leasing, and they're happy to work with you one-on-one to help you make this important decision should you need more input.

Benefits of Purchasing a Vehicle

  • Perhaps the greatest benefit of purchasing a new vehicle is that every penny you put into that vehicle's payments or maintenance  goes towards ownership since when you are finished making the payments, you'll own your car or SUV for the life of the vehicle.

  • You'll have more flexibility to travel since you won't have any mileage restrictions when you purchase a vehicle.

  • You're not obligated to make repairs or pay fees for mileage or wear and tear, and much of it will be covered by your warranty on new vehicles, anyway.

Benefits of Leasing a Vehicle

  • You may find a lower monthly payment with a lease since you're paying a portion of the vehicle's value over time versus paying the entire value of the vehicle.

  • With a lease, you'll be responsible for wear and tear, and there will be guidelines regarding your mileage; make sure you keep an eye on the odometer and visit our service center for regularly scheduled maintenance and repairs.

  • Cost of ownership is more predictable since you'll own the vehicle for a finite period, and the warranty often covers the vehicle through part (or all) of the lease period.

  • You have many options when a lease is completed; you can buy your leased vehicle for the residual value, lease or purchase a new vehicle, or you can move on from the lease.

Our experts here at Bethlehem Ford are available to answer your questions about buying versus leasing, so give us a call or stop by our dealership so we can help you with buying or leasing your new Ford car, truck, or SUV. We look forward to serving you!