The Benefits Of Leasing

What Are The Benefits Of Leasing a New Ford at Astro Ford?

When you visit Astro Ford of D'Iberville for a new vehicle, you may have questions about leasing a new Ford car, truck, or SUV instead of buying it. Our expert finance team is here to help all our valued customers, from Ocean Springs to St. Martin, understand how a lease can offer them added benefits compared to making a vehicle purchase. They are also ready to sit down with any customer who would like to explore their lease options and evaluate the choice on a case by case basis to determine if a lease of a fanatic new Bronco, Explorer or Escape is the best option for them.

What Is A Vehicle Lease?

You know that when you purchase a Ford vehicle, you are either paying for it in cash or getting a loan that pays Astro Ford of D'lberville for the vehicle, and you make payments to the loan provider to pay them back. Once you have completed the payment process, you own that vehicle until you choose to sell it. When you decide to lease a great new Ford, you are signing a contract to use the vehicle for a specific amount of time, called the term of the lease. In most cases, the term of a vehicle lease is two or four years. There is also a mileage limit that you are permitted to drive the car, truck, or SUV over the time that you are using it. In exchange, you are paying for the use of the vehicle only during the time you have it. You are not paying the entire cost of the car.

When the lease comes to an end, you return the vehicle to Astro Ford of D'lberville, and your commitment is completed. If you drove more miles than were included in the lease, you will pay a flat rate for the miles driven in excess of the lease limit. In addition, if you would like to keep the vehicle, you can purchase it for the residual or remaining value of the car, which is the original cost of the Ford minus the lease amount you paid. Finally, if you decide you no longer want to keep the vehicle for the full term of the lease, you would pay a penalty when returning the car to Astro Ford of D'lberville earlier than the end of the lease.

What Makes A Car Lease A Great Choice For Many Consumers?

One of the most exciting factors for many is that a lease payment is often less than a car payment when buying an identical vehicle. The purchaser is paying the entire cost of the car in 48 to 72 months. However, the person leasing the vehicle is only paying the value of the car's use for two or four years, not the entire value of the vehicle. When you lease a Ford that retains its value well and is expected to last for a decade or more, the amount paid for only two years of use is often much less than a car payment amount. According to Experian, the average new car payment is $742, while the average new lease is only $600 per month.

In addition, if you like to drive a new Ford, and who doesn't, you will be able to lease the latest Ford model every two or four years to ensure you are never driving an older model. In addition, you have the full warranty on the leased vehicle, providing added peace of mind and virtually no concern about repair costs for a new or nearly new Ford while you are leasing it. Finally, the only cost you will typically be responsible for while leasing your vehicle is routine maintenance. A few oil changes and tire rotations will be all you need over the next two years. The team in the Astro Ford of D'lberville service department offers many great money-saving coupons on the service specials page to help keep that care as cost-effective as possible.