Lease vs. Buy

When it comes to affording your dream vehicle, there are two main ways you could go about doing so: leasing the car, or buying the car outright. At Gibbons Ford, our caring and experienced finance team is here to help you make the best choice for you. Check out the main benefits and setbacks of each option below.

What It Means to Lease a New Car

When you lease a vehicle, you're getting quite a few benefits including lower monthly costs as a result of our many new vehicle specials, frequent vehicle updates to ensure you're always cruising in the best and brightest rides that Ford has to offer, and most of the time, a warranty that keeps you fully secure on and off the road.

In addition, leasing a new car also means that you can spring for higher-end convenience, comfort, and style features that otherwise would cost more money up front. With lease agreements, you never have to worry about sacrificing the look and feel of your perfect vehicle in order to afford it.

On the other hand, a lease will place a limit on the mileage and modifications you can put on your car, since it needs to be returned to the dealership after your lease period ends.

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What It Means to Buy a New Car

Buying a new car outright comes with many benefits as well, mainly the benefits of vehicle ownership. When you own your car, there are no limits on how often you can drive it nor how much you can modify it to your liking.

In addition, once you pay off any necessary loans, the vehicle is yours to do with as you wish. You can treasure it forever, gain equity over time, or trade it in towards a new vehicle in the future.

The only downside to car buying is that it will often cost you slightly more money up-front, as you will be asked to cover the full cost of your vehicle at purchase. Not to worry though, as our expert team of finance specialists at Gibbons Ford will go above and beyond to ensure you are happy with and fully understand whatever loan terms you decide to take on.

If you're looking to get behind the wheel of a new vehicle from Gibbons Ford, we are ready and willing to assist you every step of the way! If you have any additional questions regarding your financing options, feel free to contact Gibbons Ford online, or stop into our Dickson City dealership in person!

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