Buying vs Leasing Your Next Vehicle at Titus-Will Ford In Tacoma, WA
The automotive market has changed a lot over the years and you now have a variety of options when upgrading your ride. As you consider which option will best fit your needs and desires, it is important to have accurate information for each avenue. It is a priority here at Titus-Will Ford that you are pleased with your decision not only at the time of delivery, but down the road as well. Take a look at the following information to learn how leasing in today's market may be the right choice for you. Our expert and experienced finance team is standing by to answer any further questions you may have about leasing your next vehicle so schedule your appointment with us at Titus-Will Ford and see just how easy it is to upgrade your ride west of Puyallup, WA.
What Options Do You Have When Upgrading Your Vehicle At Titus-Will Ford In Tacoma, WA?
When considering how to pay for your new Ford from Titus-Will Ford, you essentially have 3 options. You can finance the purchase of your new vehicle which is a common way to go. You can purchase your new Ford outright which is often referred to as 'paying cash' but this is far less common. Or, you can lease your new vehicle which often proves to be less costly. Take a look at the following information to see if leasing your next ride from Titus-Will Ford is right for you.
What Is Leasing?
You may have heard some negative associations with the idea of leasing your next vehicle but what do the facts say? When you lease your next vehicle, you are not taking on the responsibility for the entire cost. Instead, you are agreeing to pay only for the value of the vehicle during the time and mileage that you enjoy it. This provides a variety of benefits over traditional financing and is a major reason why most businesses that rely on fleets choose to lease their vehicles instead of purchasing them. Since you are not responsible for the total cost of the vehicle, you are able to avoid the high up-front costs typically associated with purchasing while typically enjoying much lower monthly payments.
What Are The Downsides Of Purchasing Your Next Vehicle?
Those who have the tools and ability to economically repair and maintain their vehicle over the years may be better off purchasing. However, with the recent advancements in automotive technology, this is really the exception which makes occasionally upgrading your vehicle a necessity. This is where leasing can be far more affordable. Instead of saving up a significant sum for a down payment when purchasing, up-front costs of leasing is generally quite affordable. Perhaps the most significant cost of purchasing your next vehicle is depreciation. Part of purchasing is understanding that the vehicle loses value the moment it goes from a new vehicle to a used vehicle. This means that you will make monthly payments on a vehicle that is worth less than what you owe. Leasing here at Titus-Will Ford allows you to bring the vehicle back at the end of the lease and jump in the next great model from Ford without negative equity.
Should You Lease When You Upgrade To A New Ford?
As today's vehicles become more advanced and expensive, leasing is becoming a popular way to always enjoy the benefits of a new vehicle for less. Most leases remain covered under warranty and also include GAP insurance. Schedule an appointment to see the latest Ford models at Titus-Will Ford serving Gig Harbor, WA and ask us if leasing is right for you. Our expert finance team has years of experience helping customers just like you and we look forward to telling you more at Titus-Will Ford.
See How Easy It Is To Upgrade Your Ride At Titus-Will Ford In Tacoma, WA
Your next vehicle is a big decision and we have been helping our community with this decision since 1938 at Titus-Will Ford serving Federal Way, WA. This experience has proven that putting the interest of customers like you as our top priority is the key to success. That is why we provide a variety of finance and lease offers on our huge selection of the latest Ford models. We are always updating our special offers and we have a variety of certified pre-owned Ford models to choose from. We are proud to be the preferred dealership near Lakewood, WA with a huge inventory of top-quality used vehicles. Schedule your appointment to see how easy it is to upgrade by calling (888) 600-9734. We can't wait to show you the difference at Titus-Will Ford where the trip from Auburn, WA is always well worth it.
|Sizable down payment||Less up front money|
|Higher monthly payment||Lower monthly payment (up to 60% lower)|
|Negotiated trade-in value||No trade in hassle or negotiation|
|Responsible for maintenance costs after warranty expires||Less maintenance - typically always under warranty|
|GAP protection included||GAP protection not included - added expense to purchase|
|Stagnant technology based on what was in effect at time of purchase||Technology obsolescence protection|
|No loyalty incentives||Lease loyalty incentives|
|Eligible for all dealer incentives||Eligible for all dealer incentives|
|Potential negative equity if you sell your car before it is paid off||No chance of negative equity|
|Not required to maintain vehicle, but since you may eventually own it, why wouldn't you?||Responsible for program maintenance per manufacturers recommendation or you may be charged excess wear and tear|
|The negotiated price of a new vehicle is the same||The negotiated price of a new vehicle is the same|
|Insurance payments are the same||Insurance payments are the same|