• Ford

West Coast Ford Lincoln

20370 Lougheed Hwy
Directions Maple Ridge, BC V2X 2P8

  • Sales: 1 (888) 793-9998
  • Service: (604) 465-5434
  • Parts: (604) 465-5481

Leasing a Car; Is it the Right Option?

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Financing With A Loan or Leasing

So, you have been shopping around for a new car. You know which model you want, but now you have to decide how you will pay for it. You have the choice between financing with a loan or leasing. Now, an even harder decision is at hand than choosing your vehicle - how will you get it.

Loan

If you don't have the money to outright buy your desired vehicle, you will have to take out a loan. With a loan you have to pay the amount of the loan plus interest. The loan will eventually be paid off and you won't owe anything on the vehicle.

 

Lease

With a lease, instead of borrowing the full purchase price of the car, you are only borrowing the amount the car will depreciate over the term of the lease. Most leases are between two and four years. If you lease you will always have a monthly payment, but it will be low and you will always own the vehicle during its warranty periods.

With leasing, you will pay a premium over your lifetime in exchange for a lower monthly payment and very few concerns about reliability. With an outright purchase, you're going to come out ahead if you can commit to proper maintenance and resist the urge to constantly upgrade.

We will help you!

You have to decide which avenue you want to take depending on your cash flow. Come down to West Coast Ford Lincoln and see what options we have for you when it comes to financing you for your dream vehicle. We cover anywhere in Vancouver area, Lower Mainland, BC.

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