Ewald's Venus Ford, LLC

Ford Lease Deals

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Ford Lease Deals


Ford lease deals allow customers to drive the latest trucks and SUVs for affordable monthly payments. Ewald's Venus Ford is here to help you decide if a Ford lease is right for your lifestyle. Our Milwaukee Ford dealership has decades of experience under our belt. We're ready to help you discover whether leasing a car is the best decision for your unique situation. Let's get started!


Is it better to lease or buy a car?


Both leasing and buying a car offer benefits. Neither is better than the other. Because every customer is different, some people will be better suited to leasing rather than buying. Lease deals near you offer benefits like warranty coverage and lower payments. Buying a Ford truck offers benefits such as no mileage limit and building equity in your vehicle.  


How does leasing a car work?


When you lease a Ford SUV model, you'll make monthly payments for your use of the vehicle. You also have the option to put a down payment on your Ford lease. At the end of your lease agreement, you can return the vehicle, lease a new car, or buy your leased vehicle. 


  1. First, you'll want to check your credit score before you visit our Milwaukee Ford dealership. Many lease deals near you are reserved for applicants with strong credit history. If your credit score isn't as good as you wish, consider taking a few months to raise it before applying for a lease.

  2. Next, decide how much money you are willing and able to spend. Include the amount you'll put down at signing, your monthly lease payment, and any other auto expenses.

  3. Decide on the Ford SUV model that you want. Visit Ewald's Venus Ford to test drive your options until you land on the perfect car.

  4. Chat with our friendly financial services team. They will help you find available offers and incentives for the Ford truck of your dreams. Ewald loves helping our customers find the most favorable Ford lease deals! 

  5. Finally, you'll sign a lease agreement. This agreement covers all obligations for your Ford lease deal. It will include: 


  • The upfront cost at the beginning of your lease agreement.

  • The length of your lease term - often 24/36 months.

  • The current value of your Ford truck, along with the projected value at the end of your lease term.

  • Any fees due at the end of your lease.

  • The "money factor" charge, which is comparable to a car loan interest rate.

  • Early lease termination fees, if you need to end your lease ahead of schedule.

  • Penalties for late lease payments.

  • The cost of excessive wear-and-tear, along with a definition of what your lender considers to be excessive.


What are the pros and cons of leasing a car?


There are disadvantages to leasing a Ford, as well. Let's compare the pros and cons of a Ford lease deal to financing your next car with Ford Motor Credit. 


Leasing

Buying

Upgrading your car

You’ll be able to upgrade your lease at the end of each term.

If you want a new car, you’ll need to figure out what to do with your current vehicle

Cost

Leasing involves lower monthly payments and less money down.

More upfront costs and higher monthly payments.

Commitment

You only commit to the vehicle for the term of your lease - usually 24/36 months.

The car is yours until you decide to trade or sell.

Repair costs

Leased vehicles stay under warranty coverage.

After your warranty ends, you’re on your own. You’ll be responsible for all repair and maintenance costs.

Mileage

Annual mileage limit. If you go over the mileage limit, you are expected to pay per extra mile.

No mileage limits. 

Wear-and-tear

If the wear-and-tear on your lease is considered excessive, you’ll have to pay fees.

Once you own your vehicle, you can do whatever you want with it.

Equity

No equity is built through monthly payments.

Monthly payments build equity in the vehicle.



Is it better to lease a car for 24 or 36 months?


It depends! Longer lease terms can mean lower monthly payments. If you'd like to reduce the monthly cost of your Ford lease deal, a longer term might be wise. Shorter lease terms are more flexible, but can cost more. The financial team at Ewald's Venus Ford can help you decide on the right length for your situation.


Is a lease cheaper than buying?


Upfront, it's less expensive to get into a Ford lease deal. You don't have to put down as much money to lease a car. Also, your monthly payments will be lower than payments on an auto loan. 


If you don't plan to drive the same car for the next five years, leasing will be the cheaper option.


If you think you'll keep the same vehicle for longer than a few years, you may save money over time by buying your car. 


Of course, every situation is different. Why not visit Ewald's Venus Ford in person? Our team can run the numbers to show you whether leasing will save you money. We look forward to working with you soon!