Should I Buy or Lease a Ford? | Ron Tirapelli Ford Inc

If you’re in the market for a new Ford vehicle, you might be wondering, “Should I buy or lease a car?” It is one of the most common questions that is asked of the team at Ron Tirapelli Ford. So, here we discuss the pros and cons of leasing vs. buying in Naperville. Feel free to reach out to our finance specialists with any questions.

Finance Center Contact Us

Leasing vs. Buying: Long and Short-Term Costs

Leasing a car offers lower monthly payments, but you’ll never own the car. Think of it as a long-term rental. You’ll also spend less money on taxes and your down payment. Plus, if you start a new lease every few years, your payments won’t likely change much and you won’t have to worry about increasing repair costs because most service costs are covered on a lease.
Financing a car provides the opportunity to entirely eliminate your monthly payment. Also, buying a used car is often more affordable than leasing a new one. Joliet drivers who pay off their financed car will ultimately spend less than one who continues to lease, but repair costs tend to rise the older a vehicle gets.

The Bottom Line: Most drivers in the greater Frankfort area keep their cars for an average of three years and want to relish the latest features. If that sounds like you, leasing vs. buying is probably your best option.

Leasing vs. Buying: Mileage & Restrictions

Those who finance a car with the purpose of full ownership don’t have to worry about mileage limits or restrictions.
Those who lease a car will have to stay within certain mileage limits or pay a fee at the end of their lease.

The Bottom Line: Those who commute a short distance around Plainfield will find that leasing vs. buying is probably more suitable for their needs, but if you love your weekend road trips, you should probably buy vs. lease your next car.

Leasing vs. Buying: Total Ownership and Customization

When you buy a vehicle, you can customization it any way that you want. You can modify it with cool parts and accessories, like lifting your truck, But, remember that doing so may void your manufacturer warranty.
When you lease, you must keep your vehicle as close to factory condition as possible because the dealership still owns it and they’ll need to sell it again after your lease ends

The Bottom Line: If you want to race, go off-roading, or do extensive customization, leasing a car is not right for you.

Leasing vs. Buying: Freedom, Options, & Processes

Financing offers more flexibility. When buying vs. leasing a car, you’re locked into a contract but still have the option to sell or trade it in at any time you choose. And of course, it’s yours to keep and enjoy for as long as you want.
Leasing is easier and more convenient. Just take good care of your car while you’re driving it, bring it back to the Ron Tirapelli Ford service center at the end of your lease term, and drive home in a new Ford of your choosing. You also usually have the option to buy out your lease and own the vehicle.

The Bottom Line: If you’re fine with maintaining and reselling your car when it’s time, the money you get for trading in an owned vehicle could help to offset the future costs of buying a new one.

Explore Leasing and Financing Options at Ron Tirapelli Ford

Now that we’ve answered the question, “Should I lease or buy a car?” if you’re ready to move forward with choosing your new Ford, we invite you to the dealership to explore our current leasing and financing specials. You can also apply for financing online. Contact us and let us know how we can help.

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, and license 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. MSRP may not represent the actual price at which vehicles are sold in this trade area.

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 charges and documentation fee of $358.03. ‡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. MSRP may not represent the actual price at which vehicles are sold in this trade area.