Should You Buy or Lease?

When it comes to investing in a new vehicle with the reputation and prominence of a Lincoln, deciding between buying or leasing is a big deal. What’s the difference between the two? Which option gives you the most freedom? Here at Angela Krause Lincoln, we’ve encountered these questions before from our customers. Most are familiar with buying, but some aren’t sure about leasing. Both are helpful avenues to take when considering a new Lincoln from our inventory, so we’ve compiled the pros and cons of both to help ease your mind. Keep reading to learn the advantages and disadvantages of buying and leasing. Our finance experts can help with any further questions you may have.

Why Lease a Vehicle?

Minimal Upfront Cost

Minimal Upfront Cost

Leasing is similar to renting. If you wish to lease your new Lincoln, you’ll agree to make monthly payments with the knowledge that you’ll return the vehicle to the dealership at the end of your agreed lease period. Typically, a down payment for a lease contract is lower than if you were to buy, making your upfront cost much less. Our new car specials frequently see lease offers that have lower monthly payments, too, which means that leasing could be better for you short term.

Lifestyle Flexibility

Lifestyle Flexibility

Leasing your new Lincoln gives you a certain flexibility that buying can’t deliver. On average, leasing periods last 2-3 years (or 24-36 months), terms that are typically shorter than buying. For a full list of finance terms and their definitions, we have the most common finance terms explained. Lessees are given 12,000-15,000 miles per year on their vehicle, but there’s an option to purchase more miles if needed at signing. Unlike buying, you can lease a brand-new vehicle every few years without the frustration of selling or trading. And, you still have the option to purchase your Lincoln at lease-end if you’ve fallen in love.

Warranty Protection

Warranty Protection

Since lease terms last on average between 2-3 years, your new Lincoln may still qualify under its manufacturer warranty for your entire lease. That means that any damages or repairs that qualify under the warranty aren’t your financial responsibility, and most new cars won’t need extensive repair anyway.

Why Purchase a Vehicle?

True Freedom

True Freedom

While leasing has its benefits, only ownership gives you true freedom. Once you’ve completed your monthly payments, your Lincoln is yours to keep, sell or trade whenever you like! You can decide on a new paint color or audio system without asking. You’ll experience the kind of independence that you would expect from owning an American-made classic.

Financial Flexibility

Financial Flexibility

Even with a typically larger down payment, buying your Lincoln may be more financially responsible long-term. Not only are you allowed more financing options than leasing, but once you’ve finished making your monthly payments, that money (including your down payment) is secured when you keep your vehicle. You’ll yield a better return on your investment when you buy, while with leasing, that money is lost when you return your Lincoln to the dealership.

Minimal Upfront Cost

Minimal Upfront Cost

It’s just a fact. When you buy, you’re in charge. Mileage restrictions don’t apply (and the fees if you go over), and you won’t need permission to leave the county in your car, either. Ownership means autonomy from lenders and the freedom to go as you please.

If you’re ready to be the proud owner or lessee of one of our new models, or are interested in learning more about your lease-end options, feel free to contact us online or visit us at 1555 Mansell Road Alpharetta, GA 30009 . We look forward to serving customers from Alpharetta, GA, near Sandy Springs, Cumming, Gwinnett and Duluth.