Is it smart to lease trucks?
With so many temping truck lease deals available at Ewald Auto, you may be wondering if a truck lease is a good idea. If you're considering a Ford lease deal, it's crucial to understand the components of a truck lease. Armed with information, you'll be in a good position to decide if a Ford lease is right for your lifestyle.
Should you lease a pickup truck?
A truck lease deal can be an excellent choice for customers on a budget. One of the best reasons to lease a truck is the lower monthly payments compared to an auto loan payment. Ford lease deals can save you money each month. The average truck lease payment is almost $200 cheaper than the average payment on a financed truck.
Don't have the cash on hand for a huge down payment? A Ford F-150 lease could be the right decision. When you lease a truck from our Ford dealership in Milwaukee, you won't need to put down as much money as you would for an auto loan.
Another point of consideration is depreciation. All new trucks begin to depreciate as soon as you leave our truck dealership near you. If you lease your truck, you won't be investing in a depreciating asset. When you're ready to drive something different, you won't need to sell your truck at a loss. In fact, leasing your Ford is a remarkable way to stay behind the wheel of a late-model truck on a budget.
What are disadvantages of leasing a truck?
While Ford lease deals offer extraordinary value to the right customer, leasing isn't right for everyone. Let's review the disadvantages of choosing a truck lease deal.
- When you lease your truck, you'll always have a monthly payment. If you buy a truck at our Ford dealership in Milwaukee, you can drive your truck payment-free - once your loan is repaid.
- Every Ford lease agreement includes a mileage cap. Drivers who exceed their mileage limit must pay for every extra mile. If you drive over 15,000 miles a year, you might be better off buying your next truck.
- You can't customize or modify your Ford F-150 lease. Truck lease deals require you to return your vehicle in its original condition. If you want to spruce up your truck with performance or appearance modifications, truck lease deals aren't a good fit.
- Lease payments don't build equity in the truck. At the end of your Ford lease deal, you won't own the vehicle. If you'd like your monthly payments to go towards equity, Ewald encourages you to finance your next truck.
Is leasing a waste of money?
Absolutely not! Ford lease deals are an affordable way for customers to enjoy driving a brand new truck without permanent commitment. If you're ready to explore the current lease offers available at our truck dealership near you, what are you waiting for? Visit your friends at Ewald Auto today to learn all about our range of Ford lease specials.
