At Terry’s Ford of Peotone, we are dedicated to getting our customers in the vehicles they want today. As a full-service Ford dealership, our financing department customizes different payment options and helps you find the path that is most beneficial to you. Located in Peotone, IL, we are only about a 30-minute drive from Dyer. Here’s how to find us:
One of the most important decisions to make when shopping for a vehicle is whether buying or leasing is better. The answer really depends on what kind of driver you are. Let’s take a quick look at some advantages and drawbacks of both options.
Leasing is attractive for many Dyer drivers because, in a way, it’s possible to get more car for less money. That’s because you take out a lease on the residual value, not the full price of the car. That means if the car is expected to depreciate in value at the end of the lease term from $30,000 to $16,000, then you are only making lease payments toward that lower, expected amount.
Leasing is also advantageous for drivers who prefer to have all the latest tech advances. Whether it’s to aid the driver or to provide entertainment to the passengers in the back, if having the latest technology is important to you, you may want to consider leasing.
On the other hand, leasing has a few drawbacks to consider where buying might be the better choice. Lease agreements often come with a number of restrictions including mileage limits and prohibitions on installing alterations or updates. So, if you’re a driver who generally puts a lot of rubber to the pavement or wants the option to make alterations, then consider buying.
Buying also brings that coveted moment when you make your last car payment and lo and behold—you own the car outright! With leasing, you never get that moment. At the last payment of the lease agreement, you have to turn the vehicle in or take out another lease.
Visit us to find out more information on all the pros and cons of buying vs. leasing to find which option is more beneficial to you and your financial situation. We’re here to help you consider all your options and find the one that’s best for you. We hope our Dyer customers stop by for a visit soon!