In the realm of great debates in America today, leasing versus buying a car is up there with pineapple as a topping on pizza. Some believe in it wholeheartedly, while some look at you with pure disgust. Some prefer their car buying experience to be traditional and savory, while some are open to the idea of sweetening the pie. A new car is a far greater investment than a new phone, however, so we will pay a little more attention to how you are going to get your next Ford. Leasing is undoubtedly a viable purchase option for many people. It offers a new Ford driver a new car with updated technology, and affordable setup and no long-term commitment.
What’s not to love?
There are tons of car enthusiasts and even casual drivers alike that would say a bond between driver and car is a special one. For many, their car is their baby. It gets treated with special attention and detail that other car owners do not give theirs. For those car drivers, owning is the only option. They wouldn’t even consider giving up their ride after a few short years with it.
However, there are many more out there that think of their car, truck or SUV as a means of getting from point A to point B. While they are appreciative of their vehicle, they do not have a familial bond with it. If they can upgrade to a newer or better model after a few years, they see no reason not to.
This second group of people is the demographic that Ford leasing is best suited for. If you are in the market for a new Ford but don’t necessarily want to be tied down for the foreseeable future. Take a look below at just a few of the reasons why some people opt for a lease over buying. If you feel that one or more of these may apply to you, feel free to head over to your nearest Ford dealership and discuss all of your many options with the staff.
Sometimes Newer is Better
For decades, the latest in automotive technological innovations were primarily restricted to under the hood. The interiors remained somewhat staid and, quite frankly, boring by today’s standards. The 21st century changed all of that. Modern Ford vehicles sometimes look like the cockpits of science-fiction spaceships, and with each new generation of vehicles, the technology gets more advanced. Nowadays, we have LCD touch screens, rear view cameras, smartphone integration and much more. More technology and engineering advancements are coming out every year. Who knows what cars 3-4 years from now will have that we haven’t even thought of yet?
By leasing a car, you get to take advantage of all that high-tech awesomeness with each new lease. You don’t have to look on in envy at the new 2019 Ford Ranger, for example, and wonder what it would be like to enjoy all of the wondrous gadgets and gizmos it employs. When your lease is up in a few years, you get to enjoy what Ford has dreamt up all over again. For those of us that enjoy seeing (and utilizing) what Ford adds to each generation of its vehicles, leasing makes the most sense.
You Never Know What Will Happen Next
Life has a funny way of changing and not giving you any advance notice. Sometimes, it happens for the better. You could be just a day away from landing your dream job or meeting the love of your life. Those events will often drastically change the circumstances in your life, including the car you drive. It may not soon be practical to drive the car you are currently in. If that is the case, you will need a way to upgrade (or downgrade) as your circumstance fits.
Leasing most often requires a 3-4 year term. Many times you will be in the position to wait the lease out and switch vehicles as the term of the lease mandates. Even if you can’t, dealerships will allow trade-ins before the end of the lease date. This can even work in your favor if the value of the leased car is greater than that of the new car you wish to get. Creating positive equity like this will put money towards a new car for you. Just be careful, because negative equity on lease trade-ins is much more likely and will negatively impact your credit score.
You don’t want to buy a two-seater sports car then find out you are having twins. If you are at an established place in life where that sports car makes perfect financial sense, then, by all means, buy that car. But, if you are in a place where something new and wonderful might still be around the corner, maybe just lease that car and keep your eye on a new Explorer when your current lease is up.
Ford Leasing – New Car, New You
You just thought for sure that a pickup truck was exactly what you needed. You fell in love with the size and raw power of the Ford F-150. You felt like king of the road on your test drive. Then, after a little while, you felt a little too big. You no longer feel the size and power of that truck are necessary for you. But, unfortunately, you purchased the F-150 and don’t know what to do with it.
Had you leased it, you could just go into your local Ford dealership at the end of your lease and decided to go smaller, like the Ranger, or go with a sedan, crossover, SUV or any number of great Ford automobiles. By leasing a new car, truck or SUV every few years, you can try out different vehicle styles and see which one fits you best. At the end of your lease, you can walk away from whatever your current ride is, no harm, no foul. Or, if you decide that you are an F-150 person for life, you can just keep getting the newest and best truck on the market every few years.
Sweet and Savory
There are some people that you will never be able to convince that leasing is better than buying. That’s okay, though. Leasing isn’t for everyone. There is absolutely nothing wrong with buying a car or truck that you are completely
sold on and having it for the rest of your vehicle’s life.
However, there are some that want to have the best of both worlds. There are some that do not want to make the long-term investment but want a high-quality Ford. Leasing a Ford car, truck or SUV and continuing to do so allows them to enjoy all that Ford will bring to the table for years to come. And they get to enjoy that new car feeling every few years, complete with tech upgrades and newer automotive innovations.
To top it all off, leasing a vehicle offers lower monthly payments than a new, financed vehicle. With a car payment, you will invariably get stuck with the same high price tag coming out of your account every month. With leasing, you can renegotiate a new payment with each new lease.
So, don’t be discouraged by those who disapprove of leasing over buying. Just like pineapple pizza, it isn’t for everyone, but those who enjoy it know how sweet it is.