Leasing vs. Buying a New Ford: Pros and Cons

What are the benefits of leasing a Ford?

Leasing typically offers lower monthly payments, requires little to no down payment, keeps the vehicle under factory warranty for the duration of the term, and allows you to drive a brand-new Ford every 2 to 3 years.

What are the benefits of buying a Ford?

Buying a Ford builds equity, imposes no mileage restrictions, allows for custom modifications, and means you will eventually own the vehicle outright with no monthly car payments.

Is it better to lease or buy an EV like the Mustang Mach-E?

Leasing an EV is often recommended because electric vehicle technology advances rapidly; leasing protects you from long-term depreciation and allows you to upgrade to newer battery tech easily at the end of the lease.

How do I know if I qualify for Ford Credit financing?

You can easily get pre-approved for Ford Credit financing by filling out a secure online credit application on the Bob Tomes Ford website before visiting the dealership.