Ford Lease in Albany, NY

Benefits of Signing a Lease

Before we dive into the benefits of leasing, it’s important to understand the basics of what leasing means. Leasing is a lot like renting an apartment; you get to enjoy the car without the responsibilities of ownership. Like the lease on your apartment prevents you from painting the walls or making other significant changes to the space, you can’t make any permanent modifications to the leased vehicle because it isn’t yours. So, how is this beneficial?

#1 Fewer Owner Responsibilities

Since you’re leasing the vehicle for a set term (i.e. 24 to 36 months), you don’t have to worry about reselling or trading it in when it’s time to get a new ride. The short lease term also means lower repair costs than what you would incur as the owner. During your lease, you’ll likely find that most of your maintenance repairs are covered under the manufacturer’s bumper-to-bumper warranty. Just be sure to discuss your coverage before you finalize your lease agreement.

#2 Lower Payments

Many customers prefer to lease because of the lower monthly payments and initial down payment. Typically, you can expect to pay 20% of the sticker price when you purchase a vehicle, but that isn’t the case when you sign a lease. Lease down payments are minimal and usually include the first month’s payment, title fees, taxes, and registration. Aside from this, you’ll also discover that your monthly lease payments are lower since you’re only paying for the term or time you’re using the vehicle rather than the entire cost. This translates to additional savings every month.

#3 Drive the Newest Models

Like we mentioned, lease terms are fairly short and typically last between 24 to 36 months. While you have the option to purchase your leased vehicle at any time during your lease, many customers opt to turn in their vehicle and sign a new lease. This means you can get behind the wheel of a new Ford every few years without the stress and hassle of trading in, financing, or the other responsibilities that come with owning a vehicle outright.

Lease Any New Ford

The most exciting part of leasing a vehicle is knowing that you can drive the newest model with all the latest features without completely obliterating your budget. This generates even more excitement when Ford announces its newest lineup and everything the models have to offer, from intuitive infotainment systems and digital displays to enhanced safety and driver-assist tools that improve your view and maximize your safety on the road. When you lease, models with this level of state-of-the-art technology are even more affordable because you’re only paying for the time you use the vehicle rather than the entire price of the new Ford.

Another remarkable benefit to leasing a Ford is that your options are plentiful. You can get behind the wheel of capable workhorses like the Maverick, Ranger, or F-150, all of which offer a variety of power and capability to suit various needs. Perhaps you’re in the market for a spacious SUV like the Explorer or the Expedition, or you’re eyeing the adventure-ready Bronco. Whatever the case, leasing gives you the option to get behind the wheel of the Ford of your dreams.

Ford Lease 101: The Basics

Do you have your heart set on a new Ford? Before you sign on the dotted line, it’s good to know the basics about Ford’s lease program and why Ford truly rolls out the red carpet for its lease customers. The process starts when you find the perfect vehicle for your needs at DePaula Ford and take your first test drive to ensure it fits your expectations and driving style. From there, we’ll roll out the red carpet with Ford’s Red Carpet Lease program.

• Terms: Ford offers a wide range of terms, with most customers signing a 24-month or 36-month lease.
• Mileage: Knowing how much you typically drive per month is helpful when choosing one of the seven available mileage options for your lease. Keep in mind that leases come with annual mileage restrictions that, if exceeded, incur additional fees per mile.
• Wear and Tear: Get familiar with the lease terms and what’s considered normal and excessive wear and tear, from dents and dings to scratches and stained upholstery.
• Warranty and Protections: Know the protections that come with your lease and what components are covered under the bumper-to-bumper or powertrain warranties.
• Purchase Options: If you love your lease vehicle, know what you need to do to purchase the vehicle anytime during your lease or at the end of your term.
• End-of-Lease: Ask about your options at the end of your lease, whether you want to purchase your leased vehicle, sign a new lease, or finance a new vehicle. Also, learn more about the pre-return inspection and how you can prepare your leased vehicle for return.

Visit DePaula Ford for Your Next Lease