Buy vs. Lease
Our Monticello Ford dealership understands that choosing between buying or leasing a Ford is an important decision that depends on your lifestyle, driving habits and budget. Since 1996, we've been helping drivers in Monticello and throughout Central Illinois make informed choices by offering honest guidance, flexible financing, and a hassle-free car-buying experience.
Whether you're looking to finance a Ford F-150, lease a Ford Explorer or purchase a pre-owned vehicle, our expert team is here to walk you through the benefits of leasing vs. buying so that you can drive home with absolute confidence in your final decision.
Should I Buy or Lease My Next Ford?
When deciding between buying or leasing a new Ford, it's important to consider your goals, budget, and how you plan to use your vehicle. Here's a breakdown of the key differences:
Benefits of Buying a Ford
Buying a Ford is a great option for drivers who plan to keep their vehicle for the long haul. When you finance a new or used Ford, you enjoy:
- Ownership: You own the car outright once you've completed your loan payments. This gives you freedom to drive as many miles as you want without worrying about mileage limits.
- Equity: Your Ford is an asset, and once it's paid off, you can trade it in, sell it or keep it for years without monthly payments.
- Customization: Enjoy the freedom to personalize your vehicle with aftermarket parts and accessories.
- No End-of-Term Fees: Unlike leasing, there are no excess wear-and-tear charges or mileage penalties when you own your vehicle.
Buying a Ford makes the most sense for those who:
- Drive long distances regularly
- Want to build equity and keep the car for years
- Prefer not to worry about mileage restrictions or lease terms
Benefits of Leasing a Ford
Leasing a Ford is perfect for drivers who enjoy lower monthly payments and getting behind the wheel of the latest models every few years. Key advantages include:
- Lower Monthly Payments: Lease payments are typically lower than financing, allowing you to drive a new Ford with a smaller monthly financial commitment.
- Lower Upfront Costs: Leasing often requires a lower down payment, freeing up your budget for other needs.
- New Ford Every Few Years: When your lease term ends, you can upgrade to a brand-new Ford equipped with the latest technology, safety features and fuel efficiency.
- Warranty Coverage: Your lease typically covers the vehicle under warranty for the entire lease term, reducing repair costs.
Leasing a Ford is ideal for those who:
- Drive fewer miles annually and can stay within mileage limits
- Prefer to upgrade to a new vehicle every 2-3 years
- Want predictable costs with lower monthly payments
Flexible Ford Financing in Monticello, IL
At Rick Ridings Ford, we offer flexible financing solutions tailored to your needs. Whether you decide to buy or lease, our finance experts are here to help you find the most competitive terms, rates and monthly payments that fit your budget. We partner withover 18 local lenders and banks, ensuring you have access to the financing or leasing options you need.
Plus, when you purchase a vehicle from us, you'll receive:
- Your first oil change free1
- A half tank of gas on us1
- Three months of XM® radio to make your drives even better1
Explore Ford Leasing & Buying Options Today
If you're ready to decide between buying or leasing a Ford, visit Rick Ridings Ford in Monticello and we'll help you get started on this exciting journey. Our team is here to provide the personalized attention and expert guidance you deserve. Test-drive a new Ford F-150, Edge or Explorer, and let us walk you through all available financing and leasing options at our IL Ford dealership.
1See dealer for details.