It can be tough to decide whether to buy or lease your next vehicle when exploring the trucks available at your Ford dealership. They’re both great options, and they each have benefits that different people will value in various ways. Leasing benefits include lower prices, easier upgrades, and the potential to drive a better truck and less money.
1. There Are Several Cost-Based Leasing Benefits
Leasing can benefit you financially from the very start. Most of the time, you’ll pay less to lease a truck than you would to pay off an auto loan every month. Lower monthly payments let you fit leasing a new truck into a tighter budget.
There may also be less to pay at drive off, as the first month’s lease payment and other fees that come with leasing sometimes cost less than a down payment on a new car. You’re also likely to save money on repairs while driving your leased vehicle, but we’ll talk about that in more detail later.
2. There May Be Better Trucks Available for Less Money
Leasing can be better financially, even if your budget isn’t tight and you’re not trying to keep costs low. If you take what you were willing to spend on buying a truck and spend that on leasing one instead, then you might be able to lease a better truck than you were going to buy. You could potentially get a new truck with better packages, more features, or more capability without increasing how much you’re willing to spend every month.
3. There Are Very Few Steps Involved in Upgrading
If you’re interested in upgrading your truck every couple of years to get access to the improved safety features, new technology, and potentially higher towing and payload capacities of newer trucks, then you can do that very easily with leasing.
A Ford Red Carpet Lease lasts 24 to 48 months. That means you can get a new truck every two, three, or four years without having to sell your old one or take out a large loan to buy your new one. You just bring the truck back when the lease ends and apply for a new lease.
4. There Are Fewer Issues to Fix
The newer a truck is, the fewer issues it’s going to develop. That means you’ll probably spend less on repairs while you’re leasing. If your truck does start having problems, then some repairs may be covered by your warranty during your entire lease period, depending on the length of your lease. Ford’s bumper-to-bumper warranty lasts three years or 36,000 miles, and the powertrain and several other warranties last five years or 60,000 miles.
Come find great Ford trucks, including the Maverick, Ranger, and Super Duty, at Randy Wise Ford, Inc. in Ortonville, MI. Check out the finance form on our website to apply for a lease today.
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