Ford Leasing vs. Buying | Near Denver, Arvada, Littleton & Golden CO
Examine your needs to decide if you should lease or buy your next vehicle.- What size of vehicle do you need; is it a possibility you may add to your family in the coming years?
- How many miles do you drive a year?
- Consider a leased vehicle if you drive fewer than 12,000 miles per year.
- Purchasing a vehicle is a good idea if you put a lot of miles on your vehicle.
- Do want to own the vehicle at the end of your financing term?
- Examine your budget and decide how much car you can afford and stay within budget
- Check your credit report and take care of any inaccuracies before getting pre-approved to lease or buy a new vehicle.
- Research new vehicles; look at safety ratings and owner satisfaction reviews
- Narrow your choices based upon what you can afford, the optional add-ons, safety features, and reliability of the car, truck, or SUV.
- What size of vehicle do you need; is it a possibility you may add to your family in the coming years?
- How many miles do you drive a year?
- Consider a leased vehicle if you drive fewer than 12,000 miles per year.
- Purchasing a vehicle is a good idea if you put a lot of miles on your vehicle.
- Do want to own the vehicle at the end of your financing term?
- Examine your budget and decide how much car you can afford and stay within budget
- Check your credit report and take care of any inaccuracies before getting pre-approved to lease or buy a new vehicle.
- Research new vehicles; look at safety ratings and owner satisfaction reviews
- Narrow your choices based upon what you can afford, the optional add-ons, safety features, and reliability of the car, truck, or SUV.
Pros and Cons of Buying a Car:
PROs
- Purchase a car, it's yours to keep.
- You won't be penalized for driving excessively or damaging the vehicle.
- NO monthly payments after the car is paid off. If you are the type of driver that keeps their car long term it is better to purchase.
- Buying a car is a good idea for people with a long commute, or who are unsure where they might be in the next few years.
- Buying also means that when the loan is paid off, the car and it's residual value are yours to keep.
- No mileage restrictions.
- Your credit doesn't have to be excellent.
- Customize your ride how you see fit for your lifestyle and personality.
Schedule a Lease Consultation
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CONs
- Having a car that's yours to keep can be a big commitment.
- More expensive: buying a car is more expensive than leasing. With a car loan the interest that you pay is based on the entire balance, ans sales tax that you pay will be higher.
- You will need to arrange to sell or trade-in your car when want something different.
- A car loan payment is a bigger monthly financial commitment than a lease payment, as you are paying back the entire value of the car.
- Be aware that long term loans may get your monthly payments down but also come with a higher interest rate.
- You often will be required by lenders to place a 10%-20% down payment.
- You lose out on the latest technology and safety improvements.
Common Lease Definitions
*Price excludes tax, title, license fee and other governmental fees. Advertised price includes $699 Delivery and Handling fee. The Delivery and Handling fee represents costs and profit to the dealer for items such as inspecting, cleaning, adjusting vehicles, and preparing documents related to the sale. The estimated selling price that appears after calculating dealer offers is for informational purposes only. You may not qualify for the offers, incentives, discounts, or financing, and these items are subject to expiration and other restrictions. See dealer for qualifications and complete details.
Images, prices, and options shown, including vehicle color, trim, and other specifications are subject to availability, incentive offerings, current pricing, and credit worthiness.
MSRP is the Manufacturer's Suggested Retail Price and is provided for informational purposes only. The MSRP does not represent an advertised or selling price.
Price may require VIN/stock number information to ensure accuracy.
IN TRANSIT means that vehicles have been built but have not yet arrived at your dealer. Images shown may not necessarily represent identical vehicles in transit to your dealership. See your dealer for actual price, payments, and complete details.
RECALL NOTICE: Some vehicles offered for sale may be subject to unrepaired manufacturer safety recalls. To determine the recall status of a vehicle, visit https://www.nhtsa.gov/recalls
VEHICLE DISCLAIMER: *Price excludes tax, title, license fee and other governmental fees. Advertised price includes $699 Delivery and Handling fee. The Delivery and Handling fee represents costs and profit to the dealer for items such as inspecting, cleaning, adjusting vehicles, and preparing documents related to the sale. While every reasonable effort is made to ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages. Vehicle subject to prior sale. Please see dealer for details.
All financing terms are on approved credit. In order to receive the internet price, you must either present a copy of this page's internet price, or you must specifically mention the internet price to the dealership and have the same price referenced in your contract at the time of purchase.
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Larry H. Miller Ford Lakewood
11595 West 6th Avenue
Lakewood, CO 80215
- Sales: 855-996-4144