If it’s time for a new set of wheels, you’re probably starting to kick the tires on various models and think about the features you want. As you start shopping around you’ll also want to decide whether to lease or finance your next vehicle. There are several reasons why arranging car financing at your local Ford dealership is the smart way to go.
1. You’ll Own the Vehicle
When you finance a vehicle, you’re borrowing money to purchase it and agreeing to pay the loan off in a series of monthly installments. When you lease a vehicle, you’ll also make monthly payments, but the payments will be rent payments. You’ll be paying to use the vehicle, but you won’t own the vehicle at the end of your lease.
Taking ownership of a vehicle through financing is advantageous because it gives you complete control of it. If you want to eventually paint the vehicle or upgrade it in other ways, you’ll have the ability to do that. Because you’ll own the vehicle, you’ll also have the option of driving it long after you’ve finished making payments on it.
2. You’ll Be Able To Sell It
Having complete control of the vehicle means you can sell it at any time. You could also eventually use it as a trade-in when purchasing your next vehicle. If you maintain the vehicle and keep it in good shape, it’ll be worth more if you eventually sell it or trade it in. And you can trade the vehicle in at any point, even if you haven’t finished paying it off.
3. You’ll Be Able To Drive It As Far as You Want
Leases sometimes restrict the number of miles you can put on a vehicle each year. Because you don’t own the vehicle, mileage caps are a way of limiting how hard you are on the vehicle. But mileage limits restrain your use of the car, and you may find yourself putting off road trips or otherwise trying to hold back on driving.
The great thing about owning the vehicle is that you can put as many miles on it as you need to.
4. You Won’t Have To Worry About Wear and Tear
When you’re driving a leased vehicle, you also have to worry about how much wear and tear you cause. If you put too much wear on a leased vehicle, you may be charged for it. Financing the vehicle so that you own it means you don’t have to worry about being penalized for normal wear and tear.
Financing a vehicle is easy, and it opens up the advantages of ownership. When you’re ready to finance your next vehicle, come see us at Pierre Ford of Seattle in Seattle.
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