Krause Family Ford of Woodstock

Up to $7,500 potential Federal Tax Credit on certain F-150 Lighting models. Eligibility Details

Should I Buy or Lease My New Ford? | Woodstock GA

Which financial option is best for you?

Should I Buy or Lease My New Ford in Woodstock, GA?

At Krause Family Ford, we want to make your buying experience as seamless as possible. If you’re deciding whether to purchase or lease a new Ford, we’ve created a simple chart that highlights the pros and cons of each option. Car buying doesn’t have to be complicated! To make your decision even easier, we offer online pre-approval and a payment calculator so you can get an estimate of how much your potential monthly payments will be — all from the comfort of home. Are you ready to get started? Continue reading to find out whether purchasing or leasing a new Ford is the right choice for you!

How Do Car Loans and Leases Differ?

Loan Lease
Path to Ownership
Upfront Costs

Cash price or a down payment, taxes, registration, and other fees.

First month’s payment, refundable security deposit, acquisition fee, down payment, taxes, registration, and other fees.

Lower Monthly Payments
Customization Allowed
Covered Under Warranty
Future Value

All vehicles depreciate, but you'll have equity when trading or selling.

The future value doesn't affect you.

Unlimited Mileage
Fees for Excessive Wear and Tear
Fees for Early Termination
End of Term

You'll have full equity to do what you want with the car.

Purchase the vehicle, or buy or lease another car.

Vehicle Return

Sell or trade.

Return the vehicle at lease-end and pay any applicable fees.

Why Purchase a New Ford?

Purchasing a new Ford is excellent for those looking to own their desired ride. And once you’ve paid off your vehicle, you have the ability to do whatever you want to with it. You took great care of your ride and built equity with timely monthly payments, and now the vehicle is yours to keep, trade in or pass down to a family member in need. When you purchase a new vehicle, there are no fees or mileage limitations to be concerned with. You also can customize your ride to fit your lifestyle, by adding an upgraded audio system, exterior accessories and more. Another great thing about purchasing a new vehicle is that you can trade in your current ride and use its value you built towards your upgrade. This will ultimately reduce your costs tremendously. Although there are cons to purchasing a new vehicle, like higher monthly payments, the credit approval process and down payment requirements, you’ll benefit the most from owning your ride in the long run.

Why Lease a New Ford?

With the recent rise in car prices, and the possibility of it not slowing down anytime soon, leasing a new Ford may seem like a more attractive option because the monthly payment on a lease is typically lower than what you would pay if you purchased a new car outright. You’ll also enjoy driving your leased model during the most hassle-free period of its lifetime, and most lease terms can carry you up to the end of the vehicle’s limited warranty. Once your lease term is up, you can return your ride to the dealership, purchase it or pay any fees owed and choose a new vehicle to lease! There are also cons with leasing any vehicle that you should be aware of, like mileage limitations, no customization allowed and fees for wear and tear and early termination.

If you’re ready to be the proud owner or lessee of one of our new models, feel free to contact us or visit Krause Family Ford at 195 Woodstock Parkway Woodstock, GA 30188 . We look forward to serving customers near Canton, Holly Springs and Kennesaw.

*Visit Consumer Reports’ page for more information on whether you should buy or lease.