Leasing a car is a great alternative to buying for many drivers. Here are some benefits of leasing 2025 Ford from your Pilot Point Ford dealer:
Lower Monthly Payments
If you buy a vehicle on finance, the monthly installments you pay will be higher than if you lease the same vehicle model. The loan company takes the vehicle’s sticker price, less any discounts, then adds interest on the loan amount and any applicable taxes or other charges. The total is then divided by the loan duration to get your monthly installment.
When you lease a vehicle, its depreciation cost is used instead of the sticker price. The depreciation cost is the difference between the vehicle’s value at the start and end of the lease. The finance cost for the lease is added to the depreciation value, together with any taxes or other charges, and then divided by the loan term to give you your lease payment. Lower monthly payments on a lease help you save money.
Lower Maintenance Costs
If you buy a vehicle and plan to keep it for a long time, you must budget for increased maintenance costs as the vehicle ages. During a vehicle’s first few years, maintenance costs are relatively low, but even the highest quality components wear out due to old age. You can, however, reduce these costs by choosing a Ford Extended Service Plan.
When you lease a Ford, the average lease term is two to three years. Since the vehicle is new, its maintenance requirements are very low. Your lease contract might also include some or all standard maintenance costs. If you do pay for maintenance, you only have to budget for oil changes, tire rotations, and other inexpensive services.
Easy Replacement
If you buy a car, the time will come when you want a new one. When this happens, you may decide to sell it or trade it in toward the cost of its replacement. If you sell it, you may have to pay for advertising or completing any outstanding maintenance to get the best possible price. It can also take time to find a buyer. If you trade it in toward the cost of another vehicle, you’ll receive less than you originally paid for it.
When you lease, you return the vehicle to us when the lease expires. You can then lease a new vehicle or buy your original leased vehicle at a reduced price if you choose.
If you want to know more about the benefits of leasing or to lease a brand-new 2025 Ford, contact us today at Platinum Point Ford in Pilot Point, TX. Be sure to shop our latest Ford specials to get the best deal in the Denton area!
Connect with us
