Is leasing a truck better than buying?
Looking to get into a Ford F150 lease? Truck lease deals can be an outstanding choice for many customers. Ewald Auto wants to share the advantages and disadvantages of leasing your next truck. Our Ford dealer in Milwaukee has years of experience helping customers get into the trucks of their dreams. Let's review the pros and cons of leasing vs purchasing at our truck dealership near you!
Benefits of leasing a Ford truck
Lease payments are cheaper than loan payments
Did you know that the average truck lease payment is nearly $200 cheaper per month than the average payment on a truck loan? Keep more of your money in your wallet by leasing your next Ford F-150.
Ford lease deals save more money
A Ford F150 lease usually costs less than buying the exact same truck. Lease deals can further reduce the monthly cost of your Ford truck, making leasing an incredibly affordable option. If you're on a tight monthly budget, an F150 lease could be the most cost-effective choice. Keep in mind that many truck lease deals are reserved for qualified customers. You'll need a strong credit history to qualify for the most favorable lease terms.
You'll get to enjoy a brand new truck every few years
You can drive late-model Ford trucks without worrying about depreciation. If you enjoy the idea of staying behind the wheel of the latest and greatest trucks on the market, leasing is an appealing decision. Because you won't need to resell your truck when you're ready for something new, you won't lose money to depreciation, either.
Disadvantages of leasing a truck
Lease deals are great - if you can qualify!
While there are remarkable Ford F-150 lease offers available, will you qualify for them? If you struggle with your credit, getting the most sought-after truck lease deals will be difficult. Customers with subpar credit might want to spend some time improving their score before applying for a lease.
You can't modify your F-150 lease
If you're looking forward to tinkering with your truck to make it entirely your own, you may wish to reconsider a Ford lease deal. When you sign your lease agreement, you'll be expected to return your F-150 lease in the same condition as you received it. Amateur mechanics with big plans will prefer the freedom to modify their vehicle - consider buying a used truck, instead.
Lease deals come with limitations
When you lease at our truck dealership near you, you'll have an annual mileage cap. Lease agreements involve rules, including limits on how far you can drive each year. If you exceed the mileage limit in your Ford F-150 lease, you'll need to pay the overage fees. Drivers who know they'll rack up the miles might be better off buying a truck at our Ford dealership in Milwaukee.
Truck lease deals can be a great decision for certain customers. To learn more about the current Ford lease specials, simply reach out to your friends at Ewald Auto. Call our team, or stop by our dealership in person to get all the details about our outstanding Ford lease deals.
