Compare Buying vs Leasing

Compare Buying vs Leasing

At Coccia Ford In Wilkes-Barre, PA

We’re There Each Step Of The Way

At our car dealership in Wilkes-Barre, PA, we know that purchasing a new vehicle can be daunting, if not stressful. We strive to make the entire process as simple as possible for all parties involved. That includes shining a little light on the two most popular kinds of Ford finance options, an auto loan and car lease. Here, we will discuss what each one entails and hopefully help you decide which would be best for you. Keep on reading to learn more and then visit our car dealership today.

Buying A New Vehicle

Buying a New Vehicle or taking out a car loan is probably one of the oldest ways of purchasing a vehicle. Its popularity is due to the freedoms that come along with it. Each car loan will come with terms such as a down payment, Monthly Payments, and an interest rate. Once these are paid off, usually within 5 years, you will own the vehicle outright. This means that you can do whatever you want with the vehicle, at least within legal reason. This is the perfect option for drivers who know exactly what they want and are ready for the long term commitment because once you pay off the vehicle, you will own it until you decide to sell it again. Find out if a car loan is the right Ford finance option for you at Coccia Ford today.

Auto financing situation happening at Coccia Ford in Wilkes-Barre, PA

Leasing A New Vehicle

Leasing a vehicle is becoming one of the top finance options in the country. There’s a couple of good reasons why. A car lease allows you to drive a vehicle for about 3 years before you have to return it to the dealership and at that point you can choose to lease a completely different and newer vehicle if you want to. You can view a car lease as a long term rental with a little more freedom. If you’re someone who wants the best of the best in the market without paying an arm and a leg for it, a lease could be the best choice.

There are some factors you should be aware of first though. A car lease will come with certain terms, just like a loan will. The lease terms will determine how long you have the vehicle and how much you pay monthly but it can also include added limits such as a mileage limit. You can learn more about this amazing Ford finance option at our car dealership in Wilkes-Barre today.

Which Option Do I Choose?

Choosing between a car lease and a car loan all comes down to your budget and your lifestyle. A car lease will typically give you lower monthly payments and almost no down payment while a car loan can give you more freedom to do what you want. The best way to figure out which option works best for you is to come to Coccia Ford and talk with one of our Ford finance experts today. They will go through the advantages and disadvantages of both options and assist you in making the right choice. If you have any questions, feel free to give our finance center a call today.

New, Used, & Certified Pre-Owned Inventory

Before stopping by our Ford finance center, you’ll want to take a look at our incredible lineup of new, Used and Certified Pre-Owned inventory. We carry all the new Ford models that are in the market as well as used vehicles from other trusted manufacturers such as Jeep and Chevrolet. We want to ensure that you will find exactly what you are looking for at our car dealership in Wilkes-Barre, PA. Once you find that perfect car, truck or SUV, then you can speak with one of our professionals about which finance option would be best for your budget. Visit Coccia Ford and schedule a test drive online today.

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