Buy vs Lease near Slocomb, AL
With the decision of buying or leasing, there are many variables that go into the choice. In order to help you go down the right path, our team at Gilland Ford have put together this overview to explain each avenue in more depth. Continue reading for details!
Buying
Many motorists are aware of buying a vehicle, as it tends to be a more tried and true method of procuring your next Ford. When you choose a purchasing contract, a reimbursement plan for the full sticker cost will be laid out. These agreements usually take around four to seven years to pay off, though this can vary depending on the amount you put toward the monthly costs. Buying allows you to choose between either a used or pre-owned Ford, so you can save funds by going with the latter. When you finish making payments on your vehicle of choice, you will assume full ownership of the Escape or Expedition. That way, you are free to trade it in or give it to a loved one.
Leasing
If buying seems like too hefty of a commitment to make at this time, you may wish to lease a Ford vehicle instead. With this avenue, you will only have the Mustang in your care for about two to four years. This is beneficial for motorists in Slocomb that don’t wish to settle down with a specific model. Instead of making payments toward the sticker cost, you will reimburse the expected depreciation value of the vehicle while it is in your care. This number, along with a mileage limit that is set based on your travels down Bradley Street, will be discussed when you meet with our advisors.
Which Is Better for You?
While neither buying or leasing is the solidly better choice, you can decipher which works for your lifestyle by answering a few questions. Are you expecting to stay within the area? If you foresee heading down Dothan Road and leaving the vicinity, then you may wish to purchase. That way, you won’t have to worry about returning to bring the keys back to our dealership. Or, if staying on top of trends is what keeps you excited, then leasing is a great way to drive around with the latest technologies and amenities. Once you’ve made your decision, or if you require further assistance, meet with our finance staff and we’ll get you settled.
