To lease or to loan? That is the question you need to ask yourself when purchasing a new car. There are good reasons for both options and we'd like to tell you a little bit about it here at Montrose Ford
If you don't want a large car payment leasing may be the choice for you. The good news is you can drive away in a better car. The down payment is smaller (all fees for new car purchases still apply). There is generally no maintenance or repair costs. Lease terms usually last 3 years and that's how long most warranties last.
When it comes to purchasing, you generally need a trade in or a large down payment. Your monthly payment is relative to the price of the vehicle. The good news is you own it at the end of your loan, however, you are responsible for all repairs and maintenance.