Ford Special Financing: Should You Purchase or Lease Your Next Vehicle?

Are you considering buying a new Ford vehicle? Before making a decision, it's important to examine and compare the financing options available. Ford offers a wide range of purchase and lease options, including Standard Purchase, Red Carpet Lease, FlexBuy, and Ford Options.

Standard Purchase

A standard purchase is the traditional way of buying a vehicle. You pay the full purchase price upfront or finance it through Ford Credit. With this option, you have full ownership of the vehicle and can customize it to your liking. However, you are responsible for all maintenance and repair costs.

Red Carpet Lease

If you prefer to lease a Ford vehicle, the Red Carpet Lease option may be a good choice for you. Leasing allows you to drive a new vehicle for a specific period of time, typically 2-3 years, with lower monthly payments compared to financing a purchase. With a Red Carpet Lease, you have the option to buy the vehicle at the end of the lease term.

FlexBuy

FlexBuy is a unique financing option offered by Ford Credit. It combines the benefits of both leasing and financing. With FlexBuy, you can lease a vehicle for a shorter term, typically 24-36 months, and then decide whether to purchase it or return it at the end of the term. This option provides flexibility and allows you to test-drive a vehicle before committing to a long-term purchase.

Ford Options

Ford Options is another financing option available for new Ford vehicles. It offers fixed monthly payments and the flexibility to choose the length of your financing term, ranging from 24-60 months. At the end of the term, you have the option to trade in the vehicle, return it, or purchase it.

Comparing Financing Options

When deciding between purchasing or leasing a Ford vehicle, it's important to consider your individual needs and preferences. Purchasing a vehicle gives you full ownership and the freedom to customize it to your liking. Leasing, on the other hand, offers lower monthly payments and the opportunity to drive a new vehicle every few years.

Before making a decision, it's recommended to compare the total cost of ownership for both options. Consider factors such as monthly payments, down payment, taxes, insurance, maintenance, and repair costs. You can use online tools and calculators provided by Ford Credit to estimate the costs and determine which option is more affordable for you.

Are There Any Special Financing Offers?

As of May 2024, Ford is offering a range of special financing offers on select models. These offers include cash incentives, low APR financing, and lease deals. The specific offers may vary depending on your location and the model you are interested in.

Some of the current special financing offers include:

• Jeep Competitive Conquest Bonus Cash
• Bronco AXZD-Plan Customer Cash
• Ford Credit 90-Day Deferred Payment APR Financing
• Retail Bonus Cash
• Special 72-Mo. APR Financing
• And many more!

To find the latest Ford deals, incentives, and rebates in your area, you can visit the official Ford website or contact your local Ford dealership. They will provide you with the most up-to-date information on current offers and help you choose the best financing option for your needs.

Conclusion

When it comes to financing your next Ford vehicle, it's essential to explore all available options and compare the costs and benefits of purchasing versus leasing. Ford offers a wide range of financing options, including Standard Purchase, Red Carpet Lease, FlexBuy, and Ford Options. By understanding your preferences and budget, you can make an informed decision that suits your needs.