When it comes time to shop for a new vehicle at Legacy Ford Lincoln, auto shoppers have more than one way to get behind the wheel of a quality new Ford - they can either purchase or lease one! Determining whether to buy or lease your next vehicle can be a difficult decision and depends upon a number of factors such as your driving habits, financial history, and personal preferences, but there's no better place to turn to for help than Legacy Ford Lincoln. Conveniently located in Corbin, our Ford finance center is staffed with experienced financial experts who can ease your concerns about mileage restrictions or monthly payments, as well as help you decide which option is better suited to your needs and lifestyle. Take a look at our detailed breakdown below for a clear outline between the pros and cons of buying and leasing.
 PROS OF LEASING A NEW FORD 
  • Typically lower payments/down payments
  • Can drive a newer model more frequently
  • Normal repairs are generally covered by a warrant
  • Easy to return after lease
  • Option to consistently drive the newest vehicles
CONS OF LEASING A NEW FORD
  • Extra fees if you exceed mileage restrictions
  • Can't make modifications to the vehicle
  • Responsible for excessive wear and tear fees
  • Costly charges for ending the lease early
  • Can't build equity
 
 PROS OF BUYING A NEW FORD
  • You own the vehicle
  • There are no mileage restrictions
  • The vehicle is yours to customize however you see fit
  • You can sell or trade it whenever you want
  • Gain equity

 CONS OF BUYING A NEW FORD MODEL
  • Large initial down payment
  • Monthly payments and interest on monthly payments are higher
  • Can be a hassle to sell or trade-in
  • You're responsible for repair costs
  • Can develop negative equity
 
Regardless of whichever payment method you decide to pursue, the team at Legacy Ford Lincoln is more than ready to help guide you through the leasing or purchasing process. Our attentive and professional finance managers have years of experience working with a diverse clientele and possess the resources needs to secure the best auto loan or payment options for your specific financial situation. Our Ford dealer also offers a variety of online tools and resources Corbin drivers can take advantage of, including our credit score estimator and trade-in form so auto shoppers can discover what their car is worth before visiting.

From our competitive financing rates to our exceptional leasing and purchasing options, drivers can finally realize their dream of owning a new Ford vehicle! For more information about the leasing or purchasing process, please don't hesitate to contact the team at Legacy Ford Lincoln. We would be more than happy to answer any questions you might have and can't wait to help you behind the wheel of a new Ford vehicle.