Is leasing a truck a good idea?
Whether you operate a business or need a truck for personal use, truck lease deals can be tempting! Wondering if a Ford lease is the right way to get into your next truck? If you don't want to make a permanent commitment to a truck, leasing can be a great option. Ewald Auto wants to help you explore the pros and cons of leasing a truck. Let's discover the advantages of leasing at our Ford dealership near you!
What are the advantages of leasing a truck?
Leasing can be more affordable.
It doesn't matter if you're running a business or not. Lease payments are usually less expensive than payments on an auto loan. For business owners, saving on your Ford lease will help your bottom line. There are even available tax incentives for leasing business vehicles. For other drivers, that's more money in your pocket. Leasing from our truck dealership near you helps you avoid hidden fees and extra costs.
You won't lose money to depreciation.
If you buy a brand new pickup, you can expect it to lose up to 50% of its value within the first few years. A truck lease deal lets you enjoy your new truck without taking a big financial hit. If you can't stand the idea of watching your F150 bleed value every year, a Ford F150 lease might be the perfect solution.
Avoid spending extra money on maintenance and repair.
If you opt for a full-service Ford lease, you won't need to pay out of pocket for routine service. When you lease your Ford Ranger, you won't need to worry about a big repair bill for mechanical failure, either. Warranty coverage is another major advantage of leasing a truck. Your coverage will extend through your lease term, sparing you those expensive repairs.
Leasing a truck offers superior flexibility.
Having a fixed lease payment makes it easier for you or your business to stay on budget. You'll know exactly how much your truck lease deal will cost each month. What's more, after your Ford F150 lease term ends, you'll be totally free to lease a new truck! If you don't want to commit to a specific model, you should consider leasing from our Ford dealership near you.
What are disadvantages of leasing?
With that said, leasing isn't the right choice for every customer. Our truck dealership near you wants to help you make the best decision for your needs. Let's review the possible disadvantages to leasing a truck.
- If you need to do a lot of long-haul driving, you might find the mileage limits confining.
- Customers who need to modify their Ford Ranger lease will be expected to restore it upon return. If your job requires a modified truck, it might be better to buy.
- You won't own your car at the end of the lease term. If you prefer for your monthly payments to build equity, leasing could be a poor choice.
Ewald Auto is here to help you learn if a truck lease deal is right for your lifestyle. Visit our dealership to explore our available Ford truck lease incentives today!
