Vehicle Financing

Should I Buy or Lease?

You’ve found the car or truck you love; now it’s time to figure out your finance options. To buy or lease, that is the question.  If you are uncertain about what is right for you, we’re here to help!  

Next, we’ve provided some information below to consider.

The biggest difference between buying and leasing is ownership.  Buying a car means that the vehicle is yours to do with and drive for as long as you like.  Leasing on the other hand is like renting in that the vehicle is not yours, is usually returned to the owner after all payments are made, and has to be kept in good condition.


Consider BUYING if you:

  • Like to drive or have a long commute – no worry; buying means unlimited miles
  • Plan to have a large down payment
  • Want to customize – personalizing with aftermarket equipment is allowed
  • Expect to keep the vehicle for more than a few years
  • Want to own the vehicle free and clear – once all payments are made the vehicle is yours

Consider LEASING if you:

  • Can anticipate annual mileage needs over the next few years – miles are limited
  • Keep your vehicle clean and in good working condition
  • Like having the ‘latest and greatest’ – leasing can mean a new car more frequently
  • Prefer to have a vehicle that is under warranty
  • Value the convenience of returning your vehicle at the end of the agreement

And, whether you BUY or LEASE:

Good reasons to buy your vehicle with Ford Credit:

  • A variety of flexible and popular terms are available
  • Unlimited mileage
  • Customize your vehicle at any time
  • Each payment helps build vehicle equity toward a future trade-in

Good reasons to lease your vehicle with Ford Credit:

  • A variety of flexible and popular terms are available
  • Different mileage options – one to fit almost every need
  • Customize your vehicle at lease inception with approved accessories
  • Lease-end choices:
    • Purchase or lease a new Ford
    • Purchase your leased vehicle, if applicable
    • Return your lease vehicle (after fulfilling all lease-end obligations)
  • Enhance your lease experience with optional WearCare®

Ultimately, buying or leasing is a personal decision based upon your needs and preferences.  Checking with family and friends, and doing some online research may also be beneficial in making a final decision.

More Credit Education