Lease Options at Joe Cooper Ford of Shawnee
Considering leasing a new Ford? Whether you've done it before or this is your first time, we're here to help make the experience go by as smoothly as possible. While leasing isn't the first choice for every customer, many find that its flexibility and variety meshes well with their lifestyle. Wondering if it's right for you? Keep reading to learn more about the benefits of leasing and the options available to you at the end of your lease.
What is a Lease?
When leasing a new vehicle, you'll get to drive a new car every few years without the financial responsibility of owning it. You'll typically make monthly payments for about two to three years, depending on the terms of your lease agreement. New vehicles depreciate much faster than others, especially immediately after they're first purchased. When you lease, though, you won't have to deal with the added cost of depreciation. Most leases give you about 12,000-15,000 miles per year, but you can pay for more miles if you need them.
Benefits of Leasing
Although they function similarly to auto loan payments, lease payments are often more affordable. Additionally, down payments for leases are, on average, much more affordable than the down payments required for auto loans. And since you're leasing a brand-new model for just a few years, you won't have to worry about expensive service costs because your model will likely still be under its factory warranty. This means you'll just have routine maintenance like oil changes and tire rotations to take care of.
Leasing is convenient and flexible. You won't have to worry about selling your vehicle when your lease ends, and if you so choose, you can even start driving a new Ford every few years! This way, you can enjoy the latest in safety and technology features.1
Your Lease-End Options
When you come to the end of your lease, you'll be faced with three options:
trade your Ford in for a new lease
purchase it outright
return your lease to the dealership
If you've enjoyed your experience with your Ford, but are curious about what the newest models have to offer, trading your lease in and starting over with a new one might be the best option for you. And because you've already been through the process before, leasing will be a breeze!
However, if you've enjoyed your vehicle so much that you don't want to trade it in, you can simply purchase it and drive it back home! That way, you can keep driving it for as long as you like.
If you aren't sure how to proceed or want to explore other options, you can always just trade your Ford in and be on your merry way. You'll just pay any remaining fees, such as those incurred through excess mileage or wear and tear.
For more information or to discuss your lease options further, contact us today or stop by our dealership at 4921 N Automall Dr, Shawnee, OK 74804 . And don't forget to check out our current new car specials to see if you could get an exceptional lease offer on the Ford you want. We look forward to serving our customers near Harrah, Tecumseh and Seminole.
1https://www.edmunds.com/car-leasing/quick-guide-to-leasing-a-new-car.html