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Buying vs. Leasing a New Ford in Lake Charles, LA

Buying vs Leasing a Ford in Lake Charles, LA

Are you looking to buy or lease a new Ford for sale? Our team at Bolton Ford wants to help you, our Sulphur, Orange, Beaumont, and Port Arthur, TX customers, the advantages and disadvantages of both buying and leasing, so you can make the next decision on your next vehicle purchase!

Pros and Cons of Buying a New Car 

When you make the decision to buy a car, you will fully own it. Cars can be purchased by using a loan or with cash, whatever you prefer. When you buy your new Ford, you have 100% responsibility over it, so if that is something that interests you, buying may be for you! Below are some pros and cons of buying a new Ford.


Pros:

  • Total ownership of your vehicle

  • Free to customize it how you want

  • You have the option to sell it whenever you want

  • No limits to mileage

  • Financing can most times be easier than leasing


Cons:

  • It is more expensive at first

  • Depreciation when the car leaves the lot

  • Bigger down payment


Pros and Cons of Leasing a New Car

Leasing a Ford can have a few more restrictions, but this may be what you’re looking for. When you lease, you’re ‘renting’ this vehicle for an extended period of time and/or miles. You wouldn’t pay the full price like you would for buying. Instead you would make a monthly payment. 


Pros:

  • No worries about the vehicle's value going down

  • Lower monthly payments

  • Latest features in the new vehicles

  • Always have coverage

  • No worries about trade-in, just return the vehicle to the dealership


Cons:

  • You don’t own it

  • Have to have a higher credit score

  • You will always have a monthly payment

  • Limits to mileage



The team here at Bolton Ford hopes this guide will help all of our customers reach an informed decision when it comes to buying vs leasing. If you have any further questions, please feel free to reach out to us at 337-317-5889. When you’re ready to shop, you can find us at 1500 East College Street Lake Charles, LA 70607. Our dealership is a proud server of our neighbors in Sulphur, Orange, Beaumont, and Port Arthur, and we invite you to check out our new Fords and pre-owned inventory today!


Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.