3 Reasons to Lease a New Ford Instead of Buying

If you’re shopping for a new vehicle, a Ford lease might benefit you more than buying. Leases have several advantages over financing with a loan, including reduced costs and the opportunity to drive the latest models. Here are three reasons to lease your next vehicle with the friendly professionals at Ford of Cookeville.

Lower Upfront and Monthly Costs

Leasing a new model involves upfront costs like a security deposit, the first month’s payment, and taxes. Your monthly payments will be calculated based on the vehicle’s anticipated depreciation during the course of the lease, which is usually two or three years.

Conversely, buying your car, SUV, or truck involves a hefty down payment, which is usually about 20% of the sticker price. Monthly loan payments include the principal and interest, which are almost always higher than lease payments.

Reduced Maintenance Costs

Ford models are finely-tuned driving machines, and leasing brand-new ones lets you drive a vehicle in its most trouble-free years.

Just in case there is a repair or replacement part needed, it’ll likely be covered under the Ford New Vehicle Limited Warranty. This warranty usually includes three years or 36,000 miles of bumper-to-bumper coverage and five-year, 60,000-mile powertrain coverage.

Always Drive the Newest Models

A Ford lease lets you pick out a new model, drive it for two or three years, and then trade it in for a brand-new vehicle with a brand-new lease. This means you’ll always get to be behind the wheel of the latest models and enjoy cutting-edge technology and other innovative amenities.

Get an Outstanding New Vehicle With a Ford Lease in Cookeville, TN

Once you’ve decided that a Ford lease works better for you than a loan, there’s only one thing left to do: pick out your favorite model! We can’t wait to help. Visit our Cookeville, TN Ford dealership today!