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A lot of people think about which route is most ideal: buying a car or leasing one. While both sides have their pros and cons, you will have to pick the one that best suits your personal requirements and situation. If you are unsure if you should buy or lease a car, you may seek the counsel of one of the many financial experts at Hiller Ford near New Berlin.
Leasing a Car
Leasing is a fine alternative to purchasing a car. There are many benefits to it, such as avoiding a large depreciation hit. There’s a smaller down payment required than if you were to finance, and your monthly payments will be more affordable. This is because you’re only responsible for paying toward the depreciation value of the vehicle, rather than the entirety.
At the end of your lease agreement, which usually lasts between one and three years, you’ll have a few options to consider. You can choose to purchase the car you’d been leasing or even lease a new Ford model that better suits your needs, such as the Ford F-150 or Ford Fusion.
Buying a Car
Buying a new Ford car is an exciting proposition for most people. Not only do you own the car once you pay off your loan, but you’re also free to customize your ride to how you see fit. Our financial associates will work with you to come up with a suitable plan that meets your requirements. Our Ford dealership in Franklin, WI is connected to several banks and lenders, allowing us to provide you with several options.
Should You Lease or Buy?
Deciding to buy a new car or to lease one is entirely up to you, as it correlates with your wants and needs. If you are on a tighter budget or like to drive a new car every few years, leasing may be the ideal option for you. For those who want their own vehicle with the freedom to travel without a mileage cap and add on features, we can set you up with a financing plan.
To know more about buying or leasing a car, visit Hiller Ford today. You can also test drive one of our used Ford trucks, cars, or SUVs at our premium Ford dealership.