Leasing vs. Financing

Should I lease or Buy a Car in Ayer, MA?

Affordable Auto Financing and Leases from Gervais Ford

One of the most rewarding investments you can make is in a new car, and an important question to ask yourself when shopping for a new car is, should I buy or lease a vehicle? The great news is that Gervais Ford offers both leasing and auto financing to Ayer, MA customers with different needs. Our team is here to help you understand the differences between leasing and buying a new car so you can choose the most affordable option that suits you best.

Should I Buy or Lease a Vehicle?

Are you considering buying or leasing a new car in Ayer, MA? It's essential to think about your driving needs and habits as a consumer. If you like to have the latest and greatest things, leasing is a good option, because with shorter terms, you can update your vehicle to a newer model more frequently. If you get attached to your belongings and take pride in ownership, purchasing a car with an auto loan might be preferable for you. To help you understand your choices, Gervais Ford explains the differences between buying and leasing a vehicle at our Ford dealership.

Benefits of Buying a New Car at Gervais Ford

When you take out a car loan to buy a new vehicle, there is a huge sense of accomplishment and pride that comes with it. Buying a new car is often the first significant purchase in young adulthood, and there are benefits to buying over leasing a vehicle, such as:

  • Drive as Much as You Want: When you own your vehicle, you can drive as much as you want and as far as you want without worrying about mileage limits that come with leased vehicles.
  • Customize Your Car: Owning a car allows you to customize, upgrade, and make any changes you want to the vehicle.
  • Choose When to Upgrade: You'll have the freedom to own the car for as long as you desire. Whether you decide to trade your car in for something else after a few years or you want to get a couple-hundred-thousand miles out of it, the choice is yours!

Benefits of Leasing a New Car at Gervais Ford

Some customers might decide that leasing a car from Gervais Ford is a better option for their lifestyle. Some of the pros of leasing a car include:

  • Shorter Payment Terms: In a lease contract, you only make payments for the terms that you lease the vehicle. A three-year lease will have 36 monthly payments, which are usually lower than monthly auto-finance loan payments.
  • Upgrade More Often: Leasing vehicles allows you to upgrade to a newer model every few years, so you don't need to worry about the upkeep of higher mileage cars. Additionally, unexpected repairs are often covered under Ford warranties.
  • End-of-Lease Options: When the lease is up, you have the choice to buy your leased vehicle (lease to own), lease a new Ford, or turn in your car and walk away.

Contact Gervais Ford to Discuss Buying or Leasing a New Car

While both leasing and buying a car come with their benefits, there are some things to remember. If you drive a lot, leasing may not be the best choice. Most lease contracts come with a yearly mileage allowance and will cost you extra if you exceed that. If you drive a lot, a lease might cost you more. Therefore, buying a car may be a better choice. On the other hand, if you don't like to keep up with the required maintenance when cars reach higher mileage, buying a car may not be for you, and you might want to consider a lease. The team at Gervais Ford has helped thousands of customers make the right choice when it comes to leasing vs. buying a car in Ayer, MA, and we are here to help you. Contact us to discuss which option, buying or leasing a new car, is better for you!