Leasing Vs. Buying a Car

The Rountree Moore Ford team understands that car shoppers want options. Along with our exceptional inventory of cars, trucks, and SUVs, our team features several financing options. If you aren’t paying cash for your car, our financing team will help you choose between loans and leases. Both financing options have several pros and cons along with affordable interest rates and a variety of terms. Our friendly financing team can help car buyers from Live Oak to Alachua decide which financing option will best fit your budget.

Benefits of Leasing a Car vs. Buying

Leasing a vehicle is easy at Rountree Moore Ford. All of our new cars can be leased, and many come with leasing specials and incentives from Ford and other lease companies. Leasing vs. buying a car comes down to the monthly payments and how they are determined. With a lease, the monthly lease payments are determined by the purchase price minus the residual value, which is the car’s value at the close of the lease term.

Lease contracts usually include a short lease term - often either 12, 24, or 36 months. They also have mileage limits and fees for excessive wear and tear. So, the residual value is based on the term and the mileage limit - which is usually between 8,000 and 12,000 miles. Because of the mileage limits, leases are ideal for people who drive fewer miles than the lease contract. Leases are also beneficial for people who like to have new cars every few years.

Why Choose a Car Loan

Auto loans also have monthly payments, which are factored using the purchase price, interest rate, and term. Because car prices have escalated, many buyers choose long-term loans up to 94 months. With a lease, drivers cannot modify their vehicles, and they can be fined for getting out of the lease early. This isn’t the case with car loans. You can modify your vehicle, sell it at any time, and drive any number of miles.

Leases are only available for new cars, while car loans are available for new and used cars. The finance team at Rountree Moore Ford will search for the best rates and terms from Ford Financial Services and other local and national lenders.

Benefits of Buying a New Car at Rountree Moore Ford in Lake City, FL

Our dedication to customer service brings several benefits to our customers in Lake City, Florida. We have a convenient online finance application, so you can apply from the comfort of your home or offer. We also share our finance specials and car specials on our website, so you can explore the deals that fit your budget. We also help our customers value their trade to improve their buying power.