Buy vs. Lease Comparison in Princeton, IL

When you purchase a new car you get to make a lot of decisions and, once you've chosen your dream Ford vehicle, there's one more decision to make - whether to lease or finance. Here at Prescott Brothers Ford/Lincoln of Princeton, we wish to help you by letting you know the benefits of each.

The Main Differences Between Buying and Leasing

When you lease a car, you spend less because you are paying to use the car, not to own it. You'll have a smaller down payment, or often no down payment at all, and you won't need to worry about any repair bills, as the car will typically be covered under the factory warranty. Once the lease term is up, you'll have the option to purchase the vehicle or upgrade to a new model.

Keep in mind, most leases have mileage and customization restrictions, and unlike buying, the car is not yours at the end of the term.

When you buy a car, it is yours to keep once it's paid off. You can put as many miles on it as you want, and customize it any way you see fit. Your down payment will most likely be higher than leasing, and you will be responsible for any repair costs, but after the finance term is complete, you have the pride of ownership.

Any member of our sales or finance teams will be happy to discuss the benefits of leasing or financing further with you. We are open six days a week at 1502 W Peru Street in Princeton, Illinois.