Lease vs. Financing

What You Should Know

ford motor credit checklistThis is a complex subject, but here are the biggest points. Leasing provides the lowest payments over the term of the loan. Financing is involved in the purchase of a vehicle and while the payments are higher, you will own the vehicles once you payoff your loan. As always, Baugh Ford is ready to help you with any questions that come up! Click here to contact us >>

 

A Sample Comparison

Lease vs Financing Vehicles

Typical lease compared to a 6% loan and a 0% loan. Leasing always has lower payments. Although, payment is not the only factor that should influence your decision.

  Lease- 6% Loan - 0% Loan - 6%
Car Price $23,000 $23,000 $23,000
Down Payment $1000 $1000 $1000
Interest Rate 6% 0% 6%
Residual $11000 n/a n/a
Months 36 36 36
Payment $388.06 $611.11 $669.28

 

You can click here to look at Ford Motor Credit financing >>

Baugh Ford, a Ford dealer in Clanton, Alabama serving the Birmingham, Clanton, Montgomery, and Prattville area. Baugh Ford is proud to offer all new 2011 Ford vehicles, including E-Series, EdgeEscapeEscape HybridExpeditionExplorerF-150F-250 Super DutyF-350 SD Chassis CabF-350 Super DutyF-450 SD Chassis CabF-450 Super DutyF-550 SD Chassis CabFiestaFlexFocus CoupeFocus SedanFusion,MustangRanger & Sport Trac.

 

We always make an effort to provide you with the best images available, but some images may not necessarily represent an exact vehicle configuration. Baugh Ford, nor its affiliates, will be responsible for misprints or other errors that may be displayed on this site. Product specifications, prices, options and other details may be changed at any time by the manufacturer.