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Ford Buy vs. Lease Comparison in Merrillville, IN


After you've picked the perfect Ford car, truck, crossover, or SUV, it's time to decide whether you are going to lease or purchase from our Ford dealership in Merrillville, IN. Since both have their own set of pros and cons, we know that the decision isn't always an easy one to make. In order to assist you in the decision making process, we've created a comparison page that highlights the benefits to leasing and financing.



When to Lease a Ford

For drivers in and around the Merrillville, IN area looking to upgrade their vehicle every few years and pay less monthly, a lease deal is the ideal choice. Though you won't own your Ford after the lease is over and there is generally mileage and customization restrictions, leasing a Ford car, truck, CUV, or SUV will provide you the opportunity to make lower monthly payments than you would with purchasing. When your lease contract is up, you'll have the option to sign a new lease for an updated vehicle, or if you can't part with it, you can purchase it outright.
Who Owns It With a lease, the dealership will own the vehicle. At the end of your lease contract, you may purchase the vehicle or sign a contract for a new vehicle.
Up-Front Costs You'll be required to pay the first payment, security deposit, and any state fees and taxes.
Future Value Since you won't own it, you won't have to worry about depreciation.
End of Payments Your lease payments end at the conclusion of your contract. Any end-of-lease fees, agreed upon at the time of signing, will be required, as well as payment for any damage that doesn't fall under normal wear and tear.
When to lease a Ford

When to Buy a Ford

Merrillville, IN drivers that want to customize their car, don't want to worry about mileage restrictions, and are looking to own after they payments end, purchasing their next Ford model from our dealership in Merrillville, IN is the ideal way to do so.

Who Owns It With a finance deal, you will own your vehicle.
Up-Front Costs A down payment will be required for a loan as well as any state registration fees.
Future Value As time goes on, a vehicle depreciates in value. For those looking to sell in the future, every imperfection will be factored into its value. You will also have the freedom to sell it whenever you like.
End of Payments Once your payments are complete, you will own your vehicle. You can freely drive it for as long as you'd like.

 

When to buy a ford

Start Your Ford Lease or Purchase Today in Merrillville, IN

For more information on buying vs. leasing your next car, truck, crossover, or SUV from our Merrillville, IN Ford dealership, please don't hesitate to contact Art Hill Ford through our website or by calling our team of product experts at (219) 738-5300.