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Buy vs. Lease

Marshal Mize Ford Buy vs. Lease

Are you searching for your new Ford model and are unsure if buying or leasing is the best option to fit your lifestyle? The expert staff at your local Ford Dealership will gladly help you sort through all the different choices when you come in for a new vehicle. Both options offer specific advantages and disadvantages, so we have arranged each item into two helpful charts for your consideration. You are always welcome to Marshal Mize Ford where our professional team in the financial center will provide a thorough explanation of all the different options available for your next vehicle.

Pros of Buying

  • You have access to all models and trims available
  • There are no mileage restrictions
  • You do not have to worry about everyday wear and tear on your vehicle
  • You have the freedom to customize your model after purchase
  • You earn equity from your vehicle
  • You can keep your model for as long as you want

Cons of Buying

  • Financing typically has higher monthly payments
  • You will not be able to get the latest technology when it comes out with an older vehicle
  • Selling your model can take much longer
  • Depreciation is much higher
  • Interests rates increase with longer repayment terms


Marshal Mize Ford MarshalMizeFord Buy Vs Lease

Pros of Leasing

  • Monthly payments are usually lower, and a downpayment may not be required
  • The variety of term options offers financial flexibility, including the popular 24- and 36-month lease options
  • Having several milage options allows for additional adjustability
  • You can customize your chosen vehicle with a variety of accessories
  • Returning your vehicle is a simple process at the end of your lease

Cons of Leasing

  • There are mileage limits
  • You will not be able to make modifications to your Ford model
  • When you return your vehicle at the conclusion of the lease, it must be in its original condition
  • Leased vehicles do not build equity
  • Qualifying for a lease can be more difficult if your credit score is less than ideal



Marshal Mize Ford MarshalMizeFord Buy Vs Lease Section Break

In addition to the above information, your Chattanooga Ford dealer wants you to keep in mind a few important bits of information prior to making a selection. Consider how you would personalize your vehicle, and what driving condition you will likely encounter on a daily basis. If you want to make modifications to your vehicle and plan on driving long distances, buying may be a more prudent choice fit for you. But if you have a shorter commute and want access to the latest updates each time they come out, leasing — as opposed to buying — may provide an excellent fit. Here at your local Ford dealership, our professional team looks forward to your visit and helping you drive away happy in your new Ford model.

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Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, license, and destination charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.

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