Buying vs. Leasing

SHOP NEW FORD INVENTORY

When searching for a new vehicle, it is essential to explore all of your options before you buy or lease your next car in NY with us. This includes considering the possibility of leasing a vehicle vs. the standard choice of buying. The professionals at Riley Ford understand the importance of making an informed decision, so we would like to provide you with a detailed list of information that will aid in your decision-making process before you buy or lease your next car in NY. Our expert staff has been serving our community during this process for many years and can help provide clarity by breaking down the pros and cons of each option for you when you visit us to buy or lease your next car in NY. The standard choice of buying vehicles offers customers the ability to call the vehicle their own after completing monthly payments agreed upon at the time of purchase. This gives drivers the ability to change and modify the car to their liking but can result in higher monthly payments and fewer opportunities to change vehicles. On the other hand, leasing is typically viewed as "renting" a car for an extended period with the intent of returning or purchasing said vehicle at the end of a two or three-year lease. Buying and leasing both have several advantages and disadvantages that we will explore below with the help of our expert team's advice. Read on to learn more before you buy or lease your next car in NY.

So, in terms of buying or leasing, which is better? These detailed lists will help you make an informed decision on whether you should buy or lease your new car. Contact our staff with any questions concerning the option to buy or lease your next car in NY. The advantages of buying a car in NY include:

• You own the vehicle 

• You keep the vehicle as long as you want  

• Resale value 

• You can drive the vehicle as much as you want 

• You can customize the car 

• After paying off the car, you will no longer be required to make monthly payments.

• Lower Monthly Payments

• Less commitment to one vehicle 

• The vehicle is covered under the manufacturer's warranty

• Free routine maintenances 

• The ability to drive a higher-priced vehicle 

• Your vehicle will include all of the newest safety features

• Higher monthly payment

• Down payments required at the time of purchase

• Commitment one vehicle for an extended period

• Trade-in Value fluctuates over time 

• The hassle of selling your car if not trading in 

• Routine maintenance and repair fees

• Monthly payments will continue 

• Leasing specifies a certain amount of miles you can not go over 

• You can not change much about the vehicle 

• The vehicle must stay in good condition 

• If you break the lease early, you'll be required to pay

• Leasing can cost more than a loan in the end due to the car depreciating over time

We will aid in your decision-making process by working with you to find the best deal possible when you visit to buy or lease your next car in NY at Riley Ford.

When you buy or lease your next car in NY at our Ford dealership, you will receive a high-quality experience as you work with our expert finance team. In addition, we offer our valued customers an expansive inventory of reliable Ford models ready for any challenge ahead. Contact us today with any questions, and then visit our showroom to buy or lease your next car in NY from Riley Ford.