Premier Ford of Bay Ridge Finance Center
Here at Premier Ford of Bay Ridge, we understand that purchasing a new vehicle is a big decision. That is why we are here for you every single step of the way, including the financing process. Whether you want to buy your next vehicle or lease it, our finance team will be by your side, helping you get the best deal possible.
We Make it Easy!
Should You Lease Your New Premier Ford of Bay Ridge Vehicle?
There are plenty of advantages to leasing a vehicle. For one, when you lease, you have the opportunity to upgrade your vehicle to a new one every couple of years. This gives you access to new features and technology all the time. Another benefit to leasing is that maintenance is typically included in the cost of the lease; you don't have to shovel out money for service. Finally, if you fall in love with the vehicle you're leasing, you do always have the option to purchase it at the end of the term.
With that all said, it is important to know that there are restrictions on how many miles you can drive per year of the lease. There are also rules about where to have your vehicle serviced. And, of course, you are not working toward ownership or putting equity into the vehicle; you won't get the money you put into it back. Leasing is great for many reasons, but it certainly comes down to personal preference.
Benefits of Financing
When you purchase, or take out an auto loan, for a vehicle, you are working toward ownership. This ownership comes with many perks including the flexibility in how you want to customize your vehicle, how many miles you can drive, and where you go for your maintenance and repairs. Possibly the most significant benefit to working toward eventual ownership of a vehicle is that you are building equity. This means you can sell the vehicle or trade it in whenever you want, making back money you put into it.
Flexible Credit Options
All in all, if you are deciding between a loan and a lease for your next vehicle, consider whether you need unlimited miles or if a restriction works for your driving habits. Think about whether you need flexibility in where you get your vehicle serviced, or if you'd prefer it to just come with a service plan. And finally, you need to decide if you'd rather be putting equity into something, or have access to easily upgrade to something new every couple of years. The power is in your hands.
If you are ready to apply for auto loans or leases, our team here at Premier Ford of Bay Ridge is here to help. Need assistance deciding which option is better for you? We can walk you through the benefits of each and help you determine which best fits your lifestyle. No matter which you choose, we will be there by your side to help you through the application and decision process, ensuring you get the best rate and deal on your loan or lease. Contact us today to get started.
Frequently Asked Questions
This important choice comes down to your monthly budget and how you expect to use your vehicle. Leasing typically comes with a lower monthly payment than a traditional loan, but there are restrictions on mileage and customization. On the other hand, a loan may be associated with a higher payment but you will be building equity and will spend less over the life of the vehicle.
We will work with you to craft the deal that works for your budget. Most loan terms will fall between 48-72 months, with longer financing terms resulting in lower payments.
We’ve worked with countless customers with all kinds of credit to help them discover their financing options.
In most cases, we can offer financing with no down payment. We can also roll taxes, registration, and fees into the financing deal if that works best for you.
Ready to begin?
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Premier Ford of Bay Ridge
612 86th Street
Brooklyn, NY 11228
- Sales: (347) 578-7900
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