  Leasing vs. Buying: Know The Difference
When it comes to car-buying, there are a lot of pointers to consider before making a decision. One of the most important ones includes the price. If you choose to buy a car, you pay for the entire value of the vehicle, regardless of how long or how many miles you accumulate with it. On the other hand, when leasing a car, you pay for the vehicle's depreciation throughout the lease term and are bound to certain aspects. Regardless of your choice, Malouf Ford is here to provide you with all the information you need. With our state-of-the-art facility, we can help you make the right decision while examining the pros and cons of each option. Therefore, we have created a guide to help you distinguish between each option and determine which would be most beneficial for you.
Buying A Car
Buying a car is the most convenient way when purchasing a vehicle and is the most straightforward out of all the processes. It means you maintain possession of the vehicle instead of leasing it for a few years. The significant factor with this choice will be the price tag along with the car. If you determine the price to be too high when browsing the new selection, then searching through the used and certified pre-owned vehicle selection can provide more leeway when making a decision. If you purchase a new car with a loan, the price tag for your monthly payments is typically higher than leasing. However, the vehicle is officially yours once the vehicle is paid off. Listed below are additional benefits to buying a car.
No mileage limits
No wear-and-tear charges
The ability to sell or trade in the vehicle
No further payments at the end of your turn
The vehicle is yours to modify or customize as you like
Leasing A Car
When car-buying, the high price of buying a car may not fit every customer's budget, which is why leasing is a very popular option. When leasing, you pay for the right to drive the vehicle for a fixed period. Usually, customers will pay an initial amount to drive the new vehicle off the lot to cover a range of taxes and fees. From there, monthly payments will be made over the life of the lease to cover the costs of depreciation of the vehicle. Within this term, there is usually a restriction on the number of miles you can drive, and you have to return the car to the dealer in excellent condition to avoid extra fees. Listed below are some of the additional benefits of leasing a car.
Why Make Malouf Ford Your Primary Dealership
When searching for a dealership that will provide excellent pricing, it is hard to find the right one as some competitors may mark it up and make the process more difficult. Luckily, Malouf Ford will always provide the best prices and assistance when making this decision. So there's no reason to miss out on the exciting opportunity that Malouf Ford can provide. With our state-of-the-art dealership and service center, we can help you make a firm decision to leave completely satisfied. Additionally, you can schedule an appointment through our website or call us today at (732) 951-0300!
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