Loan vs. Lease: Which is Right for You?
Do you want to eventually own your vehicle outright, or do
you like the idea of trading it in for a new model every couple of
years? This is just one question you will have to ask yourself when
deciding between a loan and a lease. Loans are the way to go if you want
to make customizations, such as adding a bike rack to your Ford. You
should also go this route if you want to own your vehicle outright
eventually and not worry about monthly payments.
To some drivers, a lease represents flexibility. You can drive a
new Ford for a few years and enjoy all of its benefits. When the lease
is up, you can decide to purchase the vehicle at a lower price. You also
have the option of trading it in for a new model. If you are someone
who drives a lot, this may not be the right option for you because there
are mileage limitations. If you just need to drive around town and like
the idea of not being responsible for selling your car when the time
comes, a lease is perfect.