Buying VS Leasing
Buying vs. Leasing
Plaza Lincoln Demystifies Your Financing Options
In the pursuit of excellence, knowledge is key. Shopping for a new or pre-owned Lincoln model brings with it a world of excitement and change. But before you can embrace the positives, it's important that you take time to understand the impact your decisions will have.
At Plaza Lincoln, we're dedicated to helping drivers understand the buying process so that they can make an informed decision. Follow along as we shed light on the pros and cons of buying and leasing.
Lease
Pros :
Leasing is ever-growing in its popularity. That's because many drivers appreciate the ability to drive a newer model every few years. You're not obligated to own the same vehicle, wondering if you're ever upside down on your payments. Instead, your lease payments are typically less than they would be if you bought the vehicle. You'll have multiple lease-end options. You will also receive amazing warranty protection, giving you peace of mind for the road ahead.
Buying
Pros :
Buying a vehicle puts you in control. The financing process is straightforward, reducing general confusion down to nearly zero. You take out a loan for the purchase price of your vehicle. After you pay off the loan, you own your ride, free and clear. There are no mileage limits, or disposition fees, and you can modify your vehicle to your specifications.
Cons :
When you lease a vehicle, you don't own it. You're limited to the number of miles you can drive per year, as determined in your lease agreement. You're required to keep the vehicle in good shape, or when your lease term ends, you'll need to pay a disposition fee to cover the cost of the excess wear.
Cons :
Buying is typically the more expensive of the two options. When you buy a vehicle, you're responsible for the cost of depreciation, which is housed within your monthly loan payments.
Contact Plaza Lincoln to Learn More
Our experts are at your disposal. Contact us online or call our dealership to learn more about Buying vs. Leasing. We look forward to serving you.
Hours
- Monday 8:30am-6pm
- Tuesday 8:30am-6pm
- Wednesday 8:30am-6pm
- Thursday 8:30am-6pm
- Friday 8:30am-6pm
- Saturday 9am-5pm
- Sunday Closed
Contact
Plaza Lincoln
8925 US Highway 441
Leesburg, FL 34788
- Sales: (352) 787-1255
- Service: (352) 787-1255
- Parts: (877) 961-6446