Should I Buy or Lease?
You've found the car or truck you love; now it's time to figure out your finance options. To buy or lease, that is the question. If you are uncertain about what is right for you, we're here to help! Â
Learn About Leasing
Red Carpet Lease
Consider leasing your next new Ford from C. A. Russell Ford.Lease With Ease
Red Carpet Lease offers multiple
terms and different mileage options to fit your lifestyle. Enjoy
payments that are usually lower than similar term financing payments and
the benefit of driving a new vehicle ore often.
Benefits
- Low initial cost and monthly payments
- Flexible options at lease-end
- Multiple terms available
- Complimentary Gap Protection
- Multiple mileage options
Next, we've provided some information below to consider.
The biggest difference between buying and leasing is ownership. Buying a car means that the vehicle is yours to do with and drive for as long as you like. Leasing on the other hand is like renting in that the vehicle is not yours, is usually returned to the owner after all payments are made, and has to be kept in good condition.
Consider LEASING if you:
- You
dive less than 15,000 miles per year, and you can anticipate annual
mileage needs over the next few years - miles are limited
- Keep your vehicle clean and in good working condition
- Like having the 'latest and greatest' - leasing can mean a new car more frequently
- Prefer to have a vehicle that is under warranty
- Value the convenience of returning your vehicle at the end of the agreement
- Â Wish to upgrade models every few years without negative equity.
Consider BUYING if you:
- Like to drive or have a long commute - no worry; buying means unlimited miles
- Plan to have a large down payment
- Want to customize - personalizing with aftermarket equipment is allowed
- Expect to keep the vehicle for more than a few years
- Want to own the vehicle free and clear - once all payments are made the vehicle is yours
Red Carpet Lease
| Â Â Vehicle Type | Â New |
| Â Â Terms | Â 24-to-48-Month Terms |
| Â Â Mileage | Â Customizable Mileage Options |
| Â Payment | Â Your monthly payment covers a portions of the vehicle value during your contract, allowing for lower monthly payments and the option to purchase your vehicle at lease-end |
| Â Â Vehicle Ownership | Â Ford Credit |
|  Wear & Use |  Normal amounts of wear and use are covered. However, you are responsible for wear and use charges in excess of normal guidelines. You also have the option to purchase WearCare®. |
| Â End of Term |
|
Standard Purchase
| Â Vehicle Type | Â New, Certified Pre-Owned, or Used |
| Â Terms | Â 12-to-84-Month Terms |
| Â Mileage | Â Unlimited |
| Â Payment | Â Your monthly payment covers the cost of the entire vehicle over the course of your contract, which makes it generally higher than a lease. |
| Â Vehicle Ownership | Â Customer |
| Â Wear & Use | Â You own the car and are responsible for repairs, if desired. You also have the option to purchase Ford Protect Maintenance and Extended Warranty Plans, at the time you purchase the vehicle. |
|  End of Term   |  At the end of the loan, you own the vehicle. It is yours to keep or trade-in for your next vehicle. |
Flex Buy
| Â Vehicle Type | Â New |
| Â Terms | Â 66/and-75-Month Terms |
| Â Mileage | Â Unlimited |
| Â Payment | Â Your monthly payment covers the cost of the entire vehicle over the course of your contract. with lower payments earlier in your contract and higher amounts late in your term, allowing for the balance to be satisfied. |
| Â Vehicle Ownership | Â Customer |
| Â Wear & Use | Â You own the car and are responsible for repairs, if desired. You also have the option to purchase Ford Protect Maintenance and Extended Warranty Plans, at the time you purchase the vehicle. |
| Â End of Term | Â At the end of the loan, you own the vehicle. It is yours to keep or trade-in for your next vehicle. |