Buying vs. Leasing a New Ford in Seminole, OK. Made Easy!

Debating on whether to buy or lease a new Ford model? Then let Seminole Ford help you! Oklahoma drivers who make the trip out from Shawnee, Holdenville, and surrounding areas to our dealership near Prague and Wewoka will find outstanding deals on buying and leasing a new Ford model. With options ranging from sedans and hatchbacks like the Ford Fusion as well as crossovers like the Ford Explorer and pickup trucks like the Ford F-150, you will have no trouble finding a vehicle that satisfies you. In addition to our desirable collection, you will benefit from the support provided by our team of trained financial experts. With professionals guiding you through the process, you will come to a decision that works best for you in no time at all.

For your convenience, we have outlined the differences between a new car lease and purchase below. We encourage you to get familiar with these points so you can choose the best route for your personal budget and lifestyle. If you are settled on a decision, then you can apply for financing right on our site to proceed with the next steps. If you have more questions, however, you are welcome to consult with our representatives beforehand for further assistance. You can reach out to us via our contact form online or by calling (888) 403-8077. In either case, you can rest easy because we will work with you to get the best deal on your new Ford car, truck, or SUV!

Buying


Who Owns It

Whether you pay for the car with cash, or finance it and make monthly payments, either way it's yours. Of course, if you're financing it, you'll have to meet the obligations the lender requires, like a certain down payment amount and timely monthly payments. If you don't, they have the right to repossess it.


Up-front Costs

If you're financing it, the bank will probably request a down payment. You can also trade-in another vehicle and use any equity towards your down payment. The amount of the down payment is usually based on the lender's requirements and your credit score.


Future Value

Your vehicle will be worth whatever you can sell it for in the future and that depends on how well you maintain it. (Be smart and protect your investment with regular scheduled maintenance by a factory-authorized facility!)


End of Payments

Once you've paid off what you owe on your contract, that's it. Your vehicle is 100% yours. The lending institution will send you a Lien Release as proof that the vehicle is completely paid off and all yours.


 

Leasing


Who Owns It

You do not own the car when you lease. You're paying for the use of the vehicle, but the finance institution that you leased it through actually owns it. This is usually why you pay less per month in a lease than if you were to buy the car.


Up-front Costs

Leases often do not require any type of a down payment. All you usually have to pay is the first month's payment, a security deposit, the acquisition fee and other fees and taxes. But, as with a purchase, if you want to lower your monthly payments you can always pay more upfront.


Future Value

In most leases you don't end up owning it so you don't end up selling it. That's the financial institution's job. Although you may have mileage limits and wear and tear guidelines that, if you exceed them, could cost you extra money when you turn your vehicle back in.


End of Payments

Most people return the vehicle at the end of the lease term. But some like to purchase it during their lease or at the end. Others like to trade it in before their lease is over. Just ask us about these different options before signing any paperwork and we'll make sure you have your lease set up the way you want it.


Best Cars to Lease

The best cars to lease are those with the best book value after the term of the lease. Since they depreciate less, you pay less. Review the lease ratings to see which cars retain their value.

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