Leasing vs. Financing

Leasing vs. Financing at Griffith Ford San Marcos

If you’re looking for a new vehicle to replace your old ride, you may be considering your options for leasing or buying. Both allow you to get behind the wheel of a brand-new Ford model. The question is, which one is right for you?
Leasing has gained in popularity in recent years as a lower-cost way to own a nice new car, truck, or SUV. With more people working from home, the limited mileage isn’t a big deal. Buying still appeals to many buyers, though. No matter what you decide, you can find your new Ford vehicle at Griffith Ford San Marcos to drive around San Marcos, Austin, and Fredericksburg.

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Lease Your Vehicle with Griffith Ford San Marcos

One of the advantages of leasing a new model is that you can get a new vehicle every few years. Most leases run for 36 months, at which time you can decide to buy the vehicle or return it for a new lease. If you appreciate driving a new vehicle with no repairs, you may decide leasing is right for you.
Lease payments are often lower than when you finance the vehicle because you’re only paying for the value of the vehicle for the time that you drive it. With financing, it builds the entire price into the car loan.
Another benefit is that you don’t have to worry about selling the vehicle when you’re ready to upgrade. You can just take it back and get a new model.
While there are a lot of benefits to leasing, there are some downsides as well. The big one is on limited mileage. With a lease, you are given a certain number of miles you’re allowed to drive. If you go over that number, you’ll have to pay for them. If you like to travel or drive a lot, leasing may not be the best option.
You also can’t add accessories to your leased vehicle. It doesn’t belong to you, so you can install a new stereo system or add customization.

Buy Your Vehicle with Griffith Ford San Marcos

Buying a vehicle still appeals to a lot of car owners. They like knowing that the vehicle belongs to them. They can customize it to fit their preferences. They won’t have to pay extra for mileage or wear and tear.
Another benefit to financing your car is that you can enjoy a few years with no payments once you pay off the loan. The vehicle belongs to you free and clear for as long as you want to drive it until you’re ready to buy again.
You may qualify for some good deals when financing. Sometimes discounts are available to make your vehicle more affordable but only when you finance. For instance, we offer new vehicle specials here at Griffith Ford San Marcos.
If you still have questions about leasing or financing, you can talk to the finance experts in our finance department at Griffith Ford San Marcos. They will help you decide which is right for your financial goals.