Leasing VS Buying | Lease Your Next Ford in Draper, UT

At Larry H Miller Ford Lincoln in Draper, we want to ensure you make the best decision for your budget and lifestyle when it comes to driving away in a new Ford. Our lease program offers flexible terms and mileage allowance for a low-cost way of driving away in your dream Ford.  

Benefits of Leasing:

  • Smaller (or no) down payment. Keep more money in your pocket from the start.
  • A new vehicle more often. If you like the option to upgrade to the latest and greatest every few years, leasing is for you!
  • You can drive a better car for less money. Lease payments are usually lower than similar term finance payments.
  • No long-term commitment. At the end of your lease, you have several options to transition to a new Ford.
  • Warranty coverage. Many leases last the typical length of our new car manufacturer warranty, keeping you covered if something goes awry with your vehicle during this time.

Benefits of Financing:

  • You can take ownership. At the end of your loan, you are now the proud owner of your Ford and can love it for as long as you like! It's all yours!
  • No limits or surprises. No mileage limitations and no worries about excess wear and use charges. If you are someone a little harder on vehicles or typically drive more than 12,000 - 15,000 miles per year, this option is preferable.
  • Personalize and customize as much as you like. You can customize your Ford at anytime, including painting and modifications.
  • Enjoy asset retention. As you make payments, you build equity. This lowers the purchase price of your next Ford. But do keep in mind that since a car is a depreciating asset, you may find yourself a bit upside down if you choose to trade-in before your loan has been fully paid off.

Do you drive the vehicle for business?

When you lease, a portion of the car's depreciation and financing costs can be deducted on your taxes. Interest on loans to buy a car, however, isn't deductible. (Please consult your tax advisor.)

A lower payment means more disposable income for other investments. You can tailor your lease to fit your driving habits.

Leasing means there is no hassle with trading-in or selling your vehicle. We take the risk of the resale value at the end of the lease and provide you with a set purchase option. You can just hand the keys over to the dealer and get a new lease.


What to do When Your Lease Ends

Is your lease ending soon? Learn what to do next!

At the end of your lease, you have three different options:
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  • Buy or lease a new Ford. Maybe it's time to upgrade to a larger vehicle to accommodate your growing family. Or maybe you've been itching to get your hands on the newest technology. Whether you buy or lease, you won't regret staying in the Ford family.
  • Purchase your leased vehicle. Separation anxiety setting in? If you have fallen in love with your current leased vehicle and can't bear to part, then go ahead and purchase it at the predetermined price. Stay together as long as you like.
  • Return your leased vehicle. After satisfying any lease-end obligations, such as mileage and wear and use charges, and Ford just isn't the right fit for you anymore, that's okay too. Return your leased vehicle and walk away. But we'll miss you!
Ready to discover the benefits of leasing a new Ford for yourself? Call us at (866) 661-1865 or stop by! We'll take the time to explore the benefits of leasing, or financing, and determine what is best for you.

Learn More About Your Leasing and Finance Options