In the market for a new car?
Rod Baker Ford, in Plainfield, suggests you consider leasing over buying.
“With our current Red Carpet Lease plans Rod Baker Ford has seen a huge increase in the amount of leasing vs. buying,” said General Sales Manager Anthony LePore.
“Leasing has changed dramatically over the past 10 years, but is still often misunderstood,” LePore explained.
Here are some advantages:
• Choose your car without a major, long-term investment.
• Low initial cost factor. Leasing often requires no down payment. You pay the first monthly payment and a security deposit, if required, which usually equals one payment.
• Choose a new car more often and possibly qualify for an upgrade for about the same monthly payment as buying.
Ford's RCL Plan also saves you the hassle of trading in your car at the end of your lease term. Ford Credit assumes the risk that the vehicle will be worth the lease-end value, so you never have to worry about it.
Looking for a new car often results in an unpleasant surprise when shoppers find out they owe more than their vehicle is worth. Leasing offers a way to avoid negative equity by establishing the value of the vehicle at lease-end. Plus, you have several options at the end of your lease term. You can buy the vehicle or return it with no further obligation if all lease, excess mileage, wear and use payments have been made. If the car is worth more than the purchase option price, you can exercise the purchase option and then sell the vehicle to capture the profit.
To learn more about the advantages of leasing a car contact Rod Baker Ford at 815-436-5681