Ford F-150 Buying vs Leasing Options
Ford F-150 Buying vs Leasing Options
Find Your F-150 at Beechmont Ford!
At Beechmont Ford, we offer several financing options to make it easy for customers to lease or buy a Ford F-150 that fits their budget. Whether you're looking to own your truck long-term or enjoy the flexibility of a lease, we have tailored solutions to meet your needs. From traditional financing with competitive interest rates to flexible lease terms and even special programs like Flex Buy, we're here to guide you every step of the way. Down below, we'll go into detail about some of the available financing options, so you can make an informed decision that works best for your lifestyle.
What is a Standard Purchase?
If you want to purchase a Ford F-150, consider making a Standard Purchase. A Standard Purchase from Ford allows you to finance a new, used, or Certified Pre-Owned Ford while building equity with every payment. With flexible terms ranging from 12 to 84 months, you can select a payment plan that suits your budget. This option offers consistent monthly payments, no mileage limitations, and the freedom to customize your vehicle. Plus, the equity you build lowers the cost of your next Ford purchase, giving you long-term value and flexibility.
What is a Flex Buy?
Flex Buy is a financing option offered by Ford Credit. It's designed to make your purchase more accessible by providing lower payments during the first three years compared to a standard retail contract. Flex Buy offers customers a fixed interest rate and what's called an "unequal payment structure," with reduced payments for the first 36 months before increasing at month 37 to ensure the balance is paid off within a 66- or 75-month term. Benefits of Flex Buy include lower initial payments, the ability to build equity with every payment, and the flexibility to customize your vehicle. With fixed rates and multiple term options, Flex Buy makes it easy to find a plan that fits your budget.
What is a Red Carpet Lease?
If you're looking for the ultimate flexibility in attaining your F-150, then the Red Carpet Lease might be the best choice! Ford's Red Carpet Lease is designed to make driving a new Ford more accessible and affordable. It offers multiple lease terms and eight different mileage options to suit your lifestyle, with payments typically lower than similar-term financing. At the end of your lease, you have flexible options. You can lease or purchase a new Ford, buy your current vehicle at a predetermined price, or return it. Additionally, the Red Carpet Lease includes complimentary GAP Protection, which covers the difference between your insurance payoff and outstanding lease balance if your vehicle is stolen or totaled.
What are the Benefits of Leasing vs Buying an F-150?
When deciding between buying or leasing a Ford F-150, be sure to think about your lifestyle and needs. Buying gives you the advantage of full ownership, allowing you to keep your truck for as long as you want without worrying about mileage limits or excess wear fees. You also build equity with every payment, which can be put toward your next vehicle purchase. Buying may also provide more flexibility in terms of customization, as you're free to modify the truck to your preferences. On the other hand, leasing a Ford F-150 typically offers lower monthly payments, allowing you to drive a brand-new truck with the latest features every few years. Leasing can also come with warranties that cover most maintenance costs, providing peace of mind. Whether you lease or buy, we can help you here at Beechmont Ford!
Visit Us at Beechmont Ford for F-150 Inventory!
If you're in and around the Cincinnati area, we invite you to visit us here at Beechmont Ford to explore our wide selection of Ford F-150 models. Whether you're looking for the latest features or a specific trim, our team is ready to help you find the perfect F-150 to suit your needs. You can also work with our financing team to learn more about the various financing options available, including purchasing, leasing, or special programs like Flex Buy. Our experts will guide you through the process to find the best terms for your budget. Feel free to contact us using the form below to inquire further about our current F-150 inventory or to start the financing process today!
May not represent actual vehicle. (Options, colors, trim and body style may vary)