Welcome To The Sid Dillon Ford Crete Finance Center

Buying Vs Leasing a Ford

Deciding whether to buy or lease a new Sid Dillon Ford Crete can be a difficult choice. It is important to know the differences between the two options so you can figure out which is best for you.

When you buy a vehicle, you are paying for the entire vehicle. Typically buyers make a down payment, either pay the sales tax in cash or roll the amount into the loan, and then make monthly payments with a set interest rate. This option is great for those who drive many miles, or plan on keeping their car for a long period of time.

When you lease a vehicle, you are only paying for the amount of the vehicle you use. The sales tax is included in the monthly lease payment, which is determined in part by a money factor that is much like an interest rate on a new car loan. Typically the first monthly payment is made when you sign the contract. Leasing is a great option for those who want lower monthly payments and a new vehicle every few years.