Tom Boland Ford, Inc.

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Should I Buy Or Lease My Car?

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Should I Buy Or Lease A Car?

Is it better to lease or buy your new Ford? There are a number of advantages to each option. At Tom Boland Ford, we’re proud to provide our customers in Hannibal and near Quincy, IL, Bowling Green, MO, and Palmyra, MO with this research resource on the benefits of buying and leasing their Ford vehicle. We're also pleased to provide our shoppers with information about the Ford Service Credit Card: it's easy to enroll with, use, collect points, and apply them to your next Ford lease or purchase!

Lease VS Buy: Which Should You Choose?

While the following information may help customers decide which option is right for them, our dedicated team is equipped to discuss every unique situation–and whether leasing or buying benefits a shopper more. 

Buying Benefits

  • Upon purchasing in full or paying off your Ford’s loan, the vehicle is yours to keep.
  • There’s no penalty for exceeding mileage limits, as is the case with a lease agreement. You can drive an unlimited amount of miles each year. 
  • You can modify your vehicle in any way you’d like.
  • You can capitalize on the benefits of selling your vehicle privately, selling it to us, or later trading it in to later purchase a new or certified pre-owned Ford vehicle. 

Leasing Benefits

  • Monthly lease payments are typically lower than monthly loan payments.
  • Leasing a Ford vehicle provides you with the chance to transition from vehicles more frequently and for less money. 
  • At the end of your lease, you'll have the option to start a new lease or purchase your vehicle.
  • Depending on your lease term, you’ll likely be covered by a manufacturer warranty for the duration of your lease. 

Learn More About Buying Vs Leasing in Hannibal 

If you’re interested in hearing more about reaping the benefits of buying or leasing a new or used vehicle, our inventory of new Ford models, or you would like to test drive a Ford that you’ve got your eye on, contact us online or visit us personally at our conveniently located Tom Boland Ford dealership servicing all customers who make the brief trip from Quincy, IL, Bowling Green, MO, and Palmyra, MO to us in Hannibal, MO. 

Although every reasonable effort has been made to ensure the accuracy of the information contained on this site, absolute accuracy cannot be guaranteed. This site, and all information and materials appearing on it, are presented to the user "as is" without warranty of any kind, either express or implied. All vehicles are subject to prior sale. Price does not include applicable tax, title, and license charges. ‡Vehicles shown at different locations are not currently in our inventory (Not in Stock) but can be made available to you at our location within a reasonable date from the time of your request, not to exceed one week.