To lease or to buy: that’s one of the big questions many buyers face when they visit our Ford dealership. Both options have their perks, and it all comes down to what works best for you. Since buying tends to be the go-to, leasing might feel like the lesser-known sibling. Let’s break this program down by exploring four reasons to lease an electric ford.
1. Access to the Latest Models and Tech
This is perhaps the greatest argument for leasing. As Ford keeps refining its EV lineup, rolling out new tech and fresh features, leasing gives you the chance to drive the latest and greatest without being locked into a long-term commitment.
And if you’re plagued by ‘obsolescence anxiety,’ i.e., that nagging feeling that your car will become quickly outdated, leasing offers the perfect antidote. Note that this concern is unnecessary since range and charging problems are more or less solved.
2. Lower Monthly Payments
Leasing typically costs less per month than financing because you’re covering the vehicle’s depreciation, not the full sticker price. Let’s say you’re eyeing a car that costs $40,000. If it is expected to be worth $30,000 after three years, you’re essentially paying for the $10,000 difference plus interest and fees. It’s a smart way to get more car for your money.
What’s more, leasing is often cheaper to get into since it requires a lower down payment than financing, which typically asks for 10-20% of the car’s price upfront. So, take a look at the deals at your nearest dealership. You might just drive away with something you never thought was within reach.
3. Lower Cost of Ownership
Most lease programs are designed for new cars, meaning you’ll be driving something that’s in its prime, with little to no wear and tear. Also, since the vehicle is under bumper-to-bumper warranty during your lease, you can avoid big repair bills. On the other hand, if you choose to finance, you’ll have to shoulder the cost of maintenance and repair once your warranty expires, which can add up over time.
4. Convenience
You don’t have to worry about selling your car later on. There’s no need for a ‘For Sale’ sign, no haggling with buyers, and definitely no dealing with lowball offers. When your lease is up, you simply hand over the keys and skip to the fun part: choosing your next ride. But if you’ve somehow fallen in love with your EV, you can always buy it for its residual value.
Contact Pohanka Ford of Salisbury in Salisbury, MD, for more details or to explore our lease options. We’re here to help you find the perfect Ford EV with flexible terms and competitive rates.
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