Buying vs Leasing

We bet you have wondered, what the heck is the difference between buying and leasing a vehicle? What are the benefits of leasing? What are the benefits of buying? What exactly is the smartest decision for you? Well we here at Hagen Ford would like to break it down for you, so that you can make the best decision for you!

Higher monthly payment Lower monthly payment
You own the vehicle No worries of owning a depreciating asset
Can keep a car you like longer Can get newer car sooner
Larger down payment on average Smaller down payment on average
No fees at the end of finance term Turn in fees
Have to wait longer for new technology and features Get your hands on new technology and features sooner
Repair costs come out of your pocket after warranty ends Warranties cover most repairs
You can drive all the miles in the world You have a limited amount of miles you can drive
You have to deal with the hassle of selling when time comes Just turn in the keys and be on your way
You can customize your car any way you would like You are limited in customizations you can make, just be sure not to damage the vehicle

Of course other factors should play into your decision such as: how much you can afford, how much of a down payment you can make, and what you are able to spend in a month. But whatever your situation is, hopefully this helps you make the right purchase decision, and leaves you happy with your new car! If you have any other questions feel free to contact any of our sales consultants, and they will happily answer anything that comes to your mind. Thank you!