Woman driving a Ford

Lease vs Buy

Choose the finance option that fits you.

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Should I lease or buy?

Discover the financing option that's right for you

When it comes to leasing or buying, you have the freedom to choose. We here at Bonnell Ford have taken the time to put together some information to help you determine the best financing option for you and your lifestyle. We compared the benefits of leasing and financing at a glance. Which road will you take?

Already know which financing option you want? Save time at the dealership by filling out our online credit application.

If you are currently on active duty, please see our Military and First Responder Program page for more information.

Lease or Buy Comparison


If you like to change things up every few years, or if you're looking to lower your monthly payment, leasing with Ford Credit may be the option for you. Drive a new Ford for a set amount of time and number of miles, and return it to Bonnell Ford at the end of your term. With a variety of lease options, you can choose the term and mileage that best fits your lifestyle and payment needs.

If you can't wait to make a Ford your own – customize it however you wish, and drive it to the ends of the earth, then financing with Ford Credit is the way to go. Financing your vehicle allows you to make payments for a selected term, and at the end of that term, the car is yours. That means total ownership and maybe even equity.

When you lease a vehicle, you do not own it. You pay to use it during the term of your lease, allowing you to drive the latest models. You own the vehicle outright after your financial obligations are met, and you can sell your vehicle or trade it in at any time.
Since you pay for the vehicle's depreciation, plus applicable taxes and fees instead of the purchase price, you can drive a premium vehicle for less than you might with financing over a similar term. Payments are based on the terms of your financing contract. You will have a set number of payments, each of which may help you build equity in your vehicle. Because you're paying for the vehicle's full price over the term of your contract, your monthly payment will typically be higher than if you were leasing the same vehicle over a similar term. You can opt to pay your balance off faster by paying more against the principal.
We offer a variety of mileage options for you to choose from to meet your driving needs. Whatever you choose as your base mileage option, you'll retain the opportunity to purchase more miles later on. You may drive as many miles as you want. However, if you decide to sell or trade in your vehicle, the mileage may impact its value.
Wear & Use
Most leases charge you for any damages made to the vehicle. Cracks, cuts, tears or stains that are more than 1/2 inch may be considered excess wear and tear. Since the vehicle will be yours once you pay off your contract, there are no charges for excessive vehicle wear and use. If you decide to sell or trade in your vehicle, the excessive wear and use may impact its value.
At the end of the lease, you have the flexibility to return your leased vehicle to your Dealer, purchase it for a predetermined price, or buy or lease a new Ford vehicle. If you’re the type who needs to put your own personal stamp on your vehicle with cosmetic alterations, then buying might be your best route.

I Want To Lease

The flexibility of leasing fits many drivers. Find out if leasing is your best choice.

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I Want To Buy

Ready to buy a new Ford vehicle from Bonnell Ford? Start shopping our extensive inventory.

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Still not sure if you should lease or finance your next Ford?

The finance experts at Bonnell Ford are available to walk you through your leasing and purchasing options so you can make the right decision for your needs and lifestyle. Call or visit our Winchester dealership to speak with a member of our team.

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