The Benefits of Buying and Leasing Your Next Lincoln Vehicle

If you're looking for your next new Lincoln vehicle but aren't sure if you want to purchase it or take out a lease on it, then we here at Bob Maxey Lincoln can help you make that decision all the easier. We have some quick facts about the different benefits of buying or leasing your next vehicle, so take a look and learn with us.

While the lease return process is a little more complicated than that, it all essentially comes down to those options. You have a lot of choice!

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The Benefits of Buying Your Vehicle

If you choose to purchase your vehicle, you'll get the benefit of it truly being your vehicle. You'll have no mileage restrictions, you won't have to return it after any amount of time, and you're free to alter and customize it as you please; you could even take a sledgehammer to the windshield once it's yours (though we strongly suggest you do not do this)! Ultimately, we recommend you purchase your vehicle if you're happy driving the same car for many years without restrictions.

 

The Benefits of Leasing Your Vehicle

If you're the kind of person that's always on the lookout for the next greatest thing, then the idea of leasing your vehicle may be superior to buying. When you choose to lease your Lincoln model, you generally get more vehicle for less money; instead of paying for the full price of the car, you'll instead pay the difference between its starting price and its projected value at the end of the lease period. For example, if your chosen vehicle costs $60,000 brand new and it's expected to be worth $34,500 after the lease is over, you'll only pay $25,500 over the course of the lease.

Your leased vehicle also comes with the benefits of being covered under warranty for repairs; while it's your responsibility to keep it well maintained and clean, as well as keep it under the pre-determined mileage restrictions, you'll be able to enjoy all the latest and greatest automotive technological advances. Once your lease is over, you have a number of choices:

  • Purchase the vehicle outright and keep it as your own
  • Extend the lease on your current vehicle
  • Start a new lease on a new vehicle
  • Return the leased vehicle and leave without any further responsibility

If you have any further questions for us, please come see us at our finance center or call us at (888) 375-1281. You can even get a head start before you leave your home and fill out our online credit application today. Regardless of your choice, we hope to see all Detroit, Saint Clair Shores, Roseville, Warren, and Grosse Pointe drivers soon.