Auto Financing vs. Leasing in Washougal, WA

Financing vs. Leasing banner image   

Should you finance or lease your new car, truck, or SUV? Which payment plan is best for you depends on your lifestyle, personal preference, and budget. To help you make a decision, the finance experts at Westlie Ford in Washougal, WA have laid out the advantages and disadvantages of lease and finance deals. Read on to learn more, and when you make a decision, don't forget to contact us in regards to our latest finance and lease specials to take advantage of savings.


When to Finance

If you would like to gain full ownership, customize your vehicle, or take road trips, car financing is for you. When you make your final monthly payment, the car, truck, or SUV is all yours. As you work towards paying off the entire cost of the vehicle you can drive as far and hard as you want to. You can also add whatever aftermarket parts you would like to make your new car, truck, or SUV as unique as you are. In other words, for ample freedom to do what you want, we suggest that you finance your vehicle.


When to Lease

Auto leasing allows you to afford a recent model and higher trim package for less than its total MSRP. Since you're not paying for the entire cost of the vehicle and only its residual value, you can enjoy the latest and greatest features available, such as driving aids and Apple CarPlay™. Aside from enjoying a high-end model with high-tech features for less, your monthly payments will end up costing less in comparison to financing. If you couldn't care less about full ownership, don't mind upgrading your model every three years, and want the full benefits of the vehicle's warranty, leasing your next car, truck, or SUV is your best option.


When Not to Finance

If you have a superior credit score, want lower monthly payments, and plan to upgrade your vehicle every few years, an auto lease is a better consideration. Remember, if you finance your vehicle, you have the freedom to do with it as you wish, but you have to pay for the entire cost of the model, leaving you with a less flexible budget. If you don't foresee yourself driving more than 12,000 miles a year and want to stay up to date on the industry's technology, don't finance.


When Not to Lease

If you're not a fan of restrictions and want total freedom to do what you want with your vehicle, a lease deal isn't a good idea. Car leasing doesn't allow you to exceed a set mileage limit, add customizations, or excessive wear and tear to the interior or exterior. Will your kids stain the seats from an accident? Is your commute long and far? Is a lift kit a must-have for your new F-150? If you answered yes to any of the previous questions, consider financing.


Finance or Lease in Washougal, WA

Salesman talking to a woman in regards to financing a vehicle 

Now that you know which payment plan meets your needs, complete our secure finance application online to get the process started. If you need additional assistance or have questions, don't hesitate to give the team at Westlie Ford in Washougal, WA a call at (877) 299-1138.


Make an Inquiry