Lease vs Buy Maxwell Ford

New Car Leasing vs Buying

Why Should You Lease a New Car?

If you want to drive newer, safer, more reliable cars, prefer not make a big down payment every 3-4 years, and also don't drive an enormous amount every year, then a new car lease may be the right choice for you. Leasing is better for people who would prefer to escape the hassle of buying and selling every time they want to get into a new car, truck, or SUV.

Why Buy a New Car?

Conversely, if you want long-term relationships with a larger sense of commitment and ownership, then buying might be what's right for you. Car-buying is typically best for consumers who don't mind driving the same car, truck, or SUV for over five years or even until it is no longer suited for the road.

Lease vs Buy: Which Is Right for You?

Knowing the pros, cons, and overall benefits of leasing vs buying a car or truck is critical. Be sure to look at potential savings, vehicle ownership, monthly payments, and repair costs when calculating the best new car, truck or SUV financing type for you.

Leasing vs Buying: Ownership

When it comes to vehicle financing, new car, truck, or SUV ownership surely comes with many advantages, most associated with outright ownership of the car. You may not realize, however, there are also a few great advantages to leasing, as well. It's important to consider all financial aspects including term length, down payment, monthly payments, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A precise checkup of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the perfect choice between leasing and buying a new car or truck.

couple shakes hands with auto dealer

Monthly Payments

Car, truck, or SUV lease payments are often less expensive than car financing and loan payments as the typical lease format is more-or-less renting with the option to buy out near the end of your lease term. Remember when leasing that you are going to need a healthy credit score, and will be asked to carry comprehensive and collision insurance, though the same can be said for the better rate auto loans. Though it may add to your monthly payments, it is also better to choose a model with the features you want or need, as personal satisfaction is often priceless.

service man with wrench loosens bolt under car

Maintenance & Repair

Auto leasing often includes regular vehicle maintenance & repair. It's important to keep this in mind when calculating monthly costs of leasing vs ownership. Regardless of what make and model you select, mechanic bills are an uncertain cost that can rapidly add up. And for those of us who aren't certified mechanics with a full toolset and hydraulic jack in the garage, leasing is likely the best option for peace of mind.

Customer service reps on headsets

Savings vs Investment

In general, a new car lease saves money in the short term with more affordable monthly payments, while buying earns you a long term investment, meaning absolute ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best savings on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.

 LEASEBUY
New VehiclesAvailableAvailable
Pre-Owned VehiclesNot AvailableAvailable
Vehicle CustomizationNot AvailableAvailable
Poor Credit FinancingNot AvailableAvailable
APR %Credit-BasedCredit-Based
OwnershipNo OwnershipPride of Ownership
Down PaymentSimilar Down PaymentLarger Down Payment
Monthly PaymentSmaller Monthly PaymentsLarger Monthly Payments
Savings/InvestmentShort Term SavingsLong Term Investment
Finance TermApprox. 2-4 YearsApprox. 3-6 Years
Maintenance & Repair CostsTypically IncludedNot Included

Ford Lease and Finance Offers In Austin TX

Maxwell Ford knows that choosing the right Ford car and financing option is never easy. Our team of experienced Ford lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Austin, TX. We look forward to serving you.

Map of Maxwell Ford

Maxwell Ford

5000 South IH-35
Austin, TX 78745

Sales:512-761-5920
Service:512-916-2622
Parts:512-916-2660

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Maxwell Ford 30.204784, -97.759706.