Ford Leasing vs Financing

Ford Leasing vs Financing

In the market for a new Ford but not sure whether to lease or finance? Discover the best option for your individual situation with help from the Finance Department at Manley's Belvidere Ford and Lincoln. Whether you're looking for a long-term investment or the freedom to change things up every few years, we'll help you find the perfect solution for your lifestyle and budget needs today.

Shop and research all our latest new Ford models, pre-owned vehicle inventory, and certified pre-owned vehicles today to see what's waiting for you at Manley's Belvidere Ford and Lincoln. Be sure to also browse our current New Ford Offers on new Ford cars, trucks, and SUVs to see what lease deals are available today. 

  • Variety of popular terms, including our popular 24/36 month leases
  • Seven mileage options to choose from
  • Customize your vehicle at the time of purchase with approved accessories

Ford Leasing

Want to keep up with all the latest stylings, technology, and performance offerings? Explore all the benefits Ford leasing has to offer. Rent a new Ford model with ease at Manley's Ford Belvidere for a short two to three-year term today. Enjoy a lower down payment, lower monthly payment, and less responsibility when it comes to repairs and depreciation.

Plus, compared to competitors, Ford lets you lease a vehicle while retaining your option to return or buy. Lease payments are usually lower than similar term finance payments because you're only paying for the portion of the vehicle's value used during the lease term. Ford's Red Carpet Lease provides unique benefits and features:

  • Variety of popular terms, including our popular 24/36 month leases
  • Seven mileage options to choose from
  • Customize your vehicle at the time of purchase with approved accessories

Ford Leasing Benefits

  • Lease payment covers only the vehicle depreciated value, not the entire purchase value.
  • Lease payments cost less than if you were to finance.
  • Down payments on leased vehicles are less than financed.
  • Leases run for 24 to 48 months and are covered under the general warranty.
  • If you don't drive far or a lot, leases may be a great option.
  • You have multiple end of lease options

Ford Leasing Disadvantages 

  • You're only allowed limited mileage amounts, with the option to purchase extra. 
  • You're charged for repairs if the vehicle isn't in good shape when you return it.
  • Leases don't build the same credit and payoff advantages of financing.
  • You cannot customize or alter your leased Ford. 

Ford Lease end options

Lease end options include turning in your leased car and leasing a new one, purchasing your vehicle for the amount agreed upon in your lease agreement, or simply returning your vehicle to a dealership. Lease return steps include:

  1. Scheduling an inspection. 
  2. Reviewing and making repairs.
  3. Making a return appointment.
  4. Complete a federal odometer/lease termination statement.
  5. Pay any lease liability fees/charges.
  6. Pay any additional charges.

Ford Financing

Looking to unlock the full Ford ownership experience? Add a long-term asset and discover all the freedoms that come with ownership. Explore all the benefits of financing a new or used Ford model today. For anyone with decent credit, savings for a downpayment, and the ability to secure a good loan rate, financing is a great option to add an asset to your financial portfolio. One of the best benefits of choosing to finance can come down the road after you pay off your Ford and unlock payment-free ownership.

Ford Financing Benefits

  • You own and can sell or refinance your Ford.
  • No mileage restrictions.
  • You can customize and alter your Ford.
  • No car payments once paid off.
  • Multiple lender options to get the best rates.

Financing Disadvantages 

  • Higher monthly payments.
  • Higher down payment.
  • Higher repair costs.
  • Vehicle depreciation.

Ford Leasing vs Financing FAQ

It’s important to take your own situation into consideration before deciding. For anyone looking for a flexible long-term asset and the ability to resell, financing may be right for you. If you’re interested in only a limited ownership window and want all the latest features every few years, leasing may be right for you.

  • Warranty coverage.
  • Latest technology and stylings.
  • Available loyalty incentives.
  • Can choose to purchase, switch, or walk away after the lease is up.
  • Mileage limitations.
  • No customizations.
  • Excessive wear and tear will also cost you.
  • Not an asset like financing.
  • Your buying an asset once paid off.
  • No mileage limitation.
  • Long-term savings.
  • Ability to sell.
  • Higher monthly payments.
  • Higher down payment.
  • Higher repair costs.
  • Vehicle depreciation.
  1. Lease a new Ford.
  2. Purchase a new Ford.
  3. Purchase your currently leased Ford.
  1. Scheduling your inspection.
  2. Review and make possible repairs.
  3. Make an appointment at a dealer.
  4. Complete a federal odometer/lease termination statement.
  5. Pay any lease liability fees/charges.
  6. Pay any additional charges.

Finance or Lease Today at Manley's Belvidere Ford and Lincoln

After you’ve researched all your lease and financing options, don’t hesitate to reach out to our Finance Department to get started. We are your auto loan and car lease resource and are eager to walk you through all your leasing and financing options. Be sure to check out our online car loan calculator for an instant car loan rate. Then, proceed to our online finance application.

  1. Manley Ford Belvidere

    1800 N. State St.
    Belvidere, IL 61008

    • Sales: (815) 544-2138
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