Buying vs. Leasing
Buying vs. Leasing
Weigh Your Options
When deciding on a new vehicle, choosing whether to buy vs. lease can be challenging. It varies from individual to individual, depending on the advantages you seek. As your automotive experts, we’re here to assist you in weighing the advantages and differences of buying vs. leasing a vehicle. Keep reading to discover which option best suits you, and visit our Ford dealer to start your journey!
Buying vs. Leasing: What’s the Difference?
As a driver, do you find yourself wanting to switch up your car every year or two? If the answer is yes, then leasing a vehicle may be a better-suited option than buying. If you’re looking to invest in your vehicle and build equity, purchasing a vehicle may be your better option. Below you’ll find the key differences between buying vs. leasing to help you make an informed decision.
Buying |
Leasing |
---|---|
Ownership You own your vehicle for as long as you wish on your own terms |
Leasing You are under a lease contract with terms for a designated amount of time |
Loan payments you will pay off the vehicle over time |
Lease payments Lower monthly payments for the vehicle’s depreciation and lower maintenance/service costs (Most automotive brands include the maintenance for 2-3 years) |
Reselling When you decide you want a new car, you will have to either trade-in or sell it |
Trading In At the end of your lease, you simply return it to the dealer without any worry of reselling |
Investing Even though your vehicle’s value will depreciate, you’ll still have equity and cash value |
Renting Although the value of the vehicle you lease has no future effect on you, you will have no equity or investment in it |
Unlimited Mileage Though more miles equals lower trade-in value, when you own your vehicle, there is no cap on the number of miles you can drive |
Limited Mileage A majority of leases limit the number of miles you can drive, and often, you have to pay for surpassing the limit |
Ability to Customize Since you own your car, you can customize any part of your vehicle on your own terms |
Lease Restrictions Having to return your leased vehicle in the same condition limits you from modifying your car in any way |
Final Payments Once you’ve paid off your car loan, you have no further payments to worry about |
Renewing Payments At the end of your lease, you can choose to purchase the car or decide on a new car to lease |
The Choice is Yours
Leasing a car is a lot like renting an apartment; buying a car is a serious commitment and investment of your money. There are distinct downsides to both buying vs. leasing a vehicle, but there are also plenty of advantages to both processes. There is no incorrect choice when it comes to buying vs. leasing. It all depends on which process works best for you. Are you still conflicted on whether to buy vs. lease your next vehicle? Speak with our team, and we’ll work with you individually to find the best option for you.
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Features
- Bluetooth®
- Keyless Entry
- Wi-Fi Hotspot
- Automatic High Beams
- Emergency Brake Assist
- Lane Departure Warning
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$19,208 SAVINGS$37,777 Preston Price
- MSRP $56,985
- Dealer Discount -$19,208
- Preston Price: $37,777
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$19,208 SAVINGS$37,777 Preston Price
- MSRP $56,985
- Dealer Discount -$19,208
- Preston Price: $37,777
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$19,208 SAVINGS$37,777 Preston Price
- MSRP $56,985
- Dealer Discount -$19,208
- Preston Price: $37,777
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$19,208 SAVINGS$37,777 Preston Price
- MSRP $56,985
- Dealer Discount -$19,208
- Preston Price: $37,777
- MSRP $56,985
- Starting Price $37,777
- Down Payment $0
- MSRP $56,985
- Starting Price $37,777
- Down Payment $0
Features
- Keyless Entry
- Wi-Fi Hotspot
- Emergency Brake Assist
- Rear View Camera
- Tow Hitch/Tow Package
- Entertainment System
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$13,980 SAVINGS$49,000 Preston Price
- MSRP $62,980
- Dealer Discount -$13,980
- Preston Price: $49,000
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$13,980 SAVINGS$49,000 Preston Price
- MSRP $62,980
- Dealer Discount -$13,980
- Preston Price: $49,000
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$13,980 SAVINGS$49,000 Preston Price
- MSRP $62,980
- Dealer Discount -$13,980
- Preston Price: $49,000
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$13,980 SAVINGS$49,000 Preston Price
- MSRP $62,980
- Dealer Discount -$13,980
- Preston Price: $49,000
- MSRP $62,980
- Starting Price $49,000
- Down Payment $0
- MSRP $62,980
- Starting Price $49,000
- Down Payment $0
Features
- Bluetooth®
- 4WD/AWD
- Android Auto
- Apple CarPlay
- Keyless Entry
- Wi-Fi Hotspot
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$5,113 SAVINGS$45,647 Preston Price
- MSRP $50,760
- Dealer Discount -$5,113
- Preston Price: $45,647
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$5,113 SAVINGS$45,647 Preston Price
- MSRP $50,760
- Dealer Discount -$5,113
- Preston Price: $45,647
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$5,113 SAVINGS$45,647 Preston Price
- MSRP $50,760
- Dealer Discount -$5,113
- Preston Price: $45,647
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$5,113 SAVINGS$45,647 Preston Price
- MSRP $50,760
- Dealer Discount -$5,113
- Preston Price: $45,647
- MSRP $50,760
- Starting Price $45,647
- Down Payment $0
- MSRP $50,760
- Starting Price $45,647
- Down Payment $0
- MSRP $50,760
- Starting Price $45,647
- Due At Signing $4,966
- MSRP $50,760
- Starting Price $45,647
- Due At Signing $4,966
Features
- Android Auto
- Apple CarPlay
- Keyless Entry
- Wi-Fi Hotspot
- Emergency Brake Assist
- Rear View Camera
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$9,069 SAVINGS$66,900 Preston Price
- MSRP $75,969
- Dealer Discount -$9,069
- Preston Price: $66,900
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- Add. Available Ford Offers:
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$9,069 SAVINGS$66,900 Preston Price
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$9,069 SAVINGS$66,900 Preston Price
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- Add. Available Ford Offers:
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$9,069 SAVINGS$66,900 Preston Price
- MSRP $75,969
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- Preston Price: $66,900
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- Add. Available Ford Offers:
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- MSRP $75,969
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- Starting Price $66,900
- Down Payment $0
Features
- 360 Cameras
- Adaptive Cruise Control
- Bluetooth®
- Heated Steering Wheel
- Remote Start
- 3rd Rear Seat
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$4,367 SAVINGS$48,528 Preston Price
- MSRP $52,895
- Dealer Discount -$4,367
- Preston Price: $48,528
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$4,367 SAVINGS$48,528 Preston Price
- MSRP $52,895
- Dealer Discount -$4,367
- Preston Price: $48,528
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$4,367 SAVINGS$48,528 Preston Price
- MSRP $52,895
- Dealer Discount -$4,367
- Preston Price: $48,528
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$4,367 SAVINGS$48,528 Preston Price
- MSRP $52,895
- Dealer Discount -$4,367
- Preston Price: $48,528
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- Down Payment $0
- MSRP $52,895
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Ford US RCL Customer CashEligibility: Residents residing in qualifying regions of the United States. Qualification: Rule of '10' and Standard Rules of Eligibility apply.$500
- Due At Signing $5,331
- MSRP $52,895
- Starting Price $48,528
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Ford US RCL Customer CashEligibility: Residents residing in qualifying regions of the United States. Qualification: Rule of '10' and Standard Rules of Eligibility apply.$500
- Due At Signing $5,331
Features
- Android Auto
- Apple CarPlay
- Keyless Entry
- Wi-Fi Hotspot
- Emergency Brake Assist
- Rear View Camera
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$7,600 SAVINGS$53,400 Preston Price
- MSRP $61,000
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- Ford Offers:
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$7,600 SAVINGS$53,400 Preston Price
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Features
- Bluetooth®
- Remote Start
- 4WD/AWD
- Android Auto
- Apple CarPlay
- Keyless Entry
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$8,529 SAVINGS$63,900 Preston Price
- MSRP $72,429
- Dealer Discount -$8,529
- Preston Price: $63,900
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$8,529 SAVINGS$63,900 Preston Price
- MSRP $72,429
- Dealer Discount -$8,529
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$8,529 SAVINGS$63,900 Preston Price
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$8,529 SAVINGS$63,900 Preston Price
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- Down Payment $0
Features
- Bluetooth®
- Keyless Entry
- Wi-Fi Hotspot
- Automatic High Beams
- Emergency Brake Assist
- Lane Departure Warning
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$23,960 SAVINGS$32,000 Preston Price
- MSRP $55,960
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$23,960 SAVINGS$32,000 Preston Price
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$23,960 SAVINGS$32,000 Preston Price
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Features
- Bluetooth®
- Wi-Fi Hotspot
- Rear View Camera
- Cruise Control
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- MSRP $40,925
- Starting Price $40,925
- Down Payment $0
- MSRP $40,925
- Starting Price $40,925
- Down Payment $0
Features
- Android Auto
- Apple CarPlay
- Keyless Entry
- Wi-Fi Hotspot
- Emergency Brake Assist
- Rear View Camera
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$7,474 SAVINGS$61,900 Preston Price
- MSRP $69,374
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- Preston Price: $61,900
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$7,474 SAVINGS$61,900 Preston Price
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$7,474 SAVINGS$61,900 Preston Price
- MSRP $69,374
- Dealer Discount -$7,474
- Preston Price: $61,900
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$7,474 SAVINGS$61,900 Preston Price
- MSRP $69,374
- Dealer Discount -$7,474
- Preston Price: $61,900
- MSRP $69,374
- Starting Price $61,900
- Down Payment $0
- MSRP $69,374
- Starting Price $61,900
- Down Payment $0
Features
- Bluetooth®
- Wi-Fi Hotspot
- Speed Sensing Wipers
- Cruise Control
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$6,060 SAVINGS$87,900 Preston Price
- MSRP $93,960
- Dealer Discount -$6,060
- Preston Price: $87,900
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$6,060 SAVINGS$87,900 Preston Price
- MSRP $93,960
- Dealer Discount -$6,060
- Preston Price: $87,900
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$6,060 SAVINGS$87,900 Preston Price
- MSRP $93,960
- Dealer Discount -$6,060
- Preston Price: $87,900
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$6,060 SAVINGS$87,900 Preston Price
- MSRP $93,960
- Dealer Discount -$6,060
- Preston Price: $87,900
- MSRP $93,960
- Starting Price $87,900
- Down Payment $0
- MSRP $93,960
- Starting Price $87,900
- Down Payment $0
Features
- Remote Start
- 4WD/AWD
- Keyless Entry
- Wi-Fi Hotspot
- Emergency Brake Assist
- Lane Departure Warning
More Details
Dealer Comments
- MSRP $89,655
- Starting Price $89,655
- Down Payment $0
- MSRP $89,655
- Starting Price $89,655
- Down Payment $0
Additional rebates may be available to reduce your price further. All prices include freight and destination. Pricing of vehicles on this website does not include options that may have been installed at the Dealership. Pricing includes current rebates and manufacturer incentives such as Ford Credit Retail Bonus Customer Cash. Manufacturer incentives are subject to residency restrictions. All financing is subject to approved credit. Monthly payment calculator is an estimate and does not include tax, title, license or doc fee of $499. Please contact the Dealership for latest pricing and monthly payment. Published price subject to change without notice to correct errors or omissions or in the event of inventory fluctuations. Price good for 2 days only, please contact store by email or phone for details. While every effort has been made to ensure display of accurate data, the vehicle listings within this website may not reflect all accurate vehicle items. Accessories and color may vary. All Inventory listed is subject to prior sale. Every effort will be made to hold your vehicle of interest but may be sold prior to the time of purchase. In the event your vehicle of interest is sold, we will do our best to find a like model. The vehicle photo displayed may be an example only. Vehicle Photos may not match exact vehicle. Though we make every effort to provide you the most accurate, up-to-date information, occasionally, one or more vehicles on this website may be incorrect due to typographical, photographic, occasional human or technical error. We reserve the right to refuse to honor any incorrect internet prices as we cannot account for the occasional human or technical error. Please confirm vehicle price with Dealership. See Dealership for details. 5/2/2024
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Preston Ford Lincoln
4313 Preston RoadHurlock, MD 21643 Driving Directions
Monday | 8:30AM - 8:00PM |
Tuesday | 8:30AM - 8:00PM |
Wednesday | 8:30AM - 8:00PM |
Thursday | 8:30AM - 8:00PM |
Friday | 8:30AM - 8:00PM |
Saturday | 8:30AM - 6:00PM |
Sunday | Closed |
Monday | 8:00AM - 6:00PM |
Tuesday | 8:00AM - 6:00PM |
Wednesday | 8:00AM - 6:00PM |
Thursday | 8:00AM - 6:00PM |
Friday | 8:00AM - 6:00PM |
Saturday | 8:00AM - 5:00PM |
Sunday | Closed |
Monday | 8:00AM - 6:00PM |
Tuesday | 8:00AM - 6:00PM |
Wednesday | 8:00AM - 6:00PM |
Thursday | 8:00AM - 6:00PM |
Friday | 8:00AM - 6:00PM |
Saturday | 8:00AM - 5:00PM |
Sunday | Closed |
Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.
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