Learn More About Leasing a New Ford in Rochester NY

Leasing a Vehicle: Myths vs. Reality

Don't let outdated opinions about leasing steer you away from considering it as a viable option. What may have been true 30 years ago no longer applies. Whether you plan to keep your car for a short period or several years, leasing is an affordable and flexible way to drive a new vehicle around Rochester, NY. When you lease, you pay for the vehicle's depreciation and taxes based on your use-not the full purchase price.

Myth: "I drive too many miles to lease a vehicle."

This common misconception isn't accurate! If you're a high-mileage driver, leasing can still be a great option. Yes, your monthly payment might be slightly higher, but at the end of the lease, you can simply return the vehicle without worrying about its trade-in value. Unlike owning a car, where excessive mileage significantly reduces its worth, leasing lets you avoid the financial hit of depreciation from high usage.

We even offer leasing options for up to 50,000 miles per year, giving you the flexibility to drive as much as you need without compromising your budget. Another benefit? Leasing eliminates the need to make large down payments every few years just to keep your payments manageable.

Leasing vs. Owning: Flexibility and Options

Whether you're someone who likes to trade in every few years or keep a car until it's a classic, leasing provides more options than outright purchasing. With a lease, the future value of your vehicle is guaranteed in writing by the leasing company based on the mileage you select.

At the end of the lease, if the buyout price and market value are close, you can choose to purchase the vehicle and continue driving it for years. On the flip side, if the vehicle's value is less than the payoff amount, you can simply walk away-no need to stress over negative equity.

Compare this to financing: if you decide to trade in a financed vehicle after four years but still owe more than it's worth, you'll often need to make a large down payment to avoid increasing your monthly payment. Leasing eliminates this problem, allowing you to start fresh with a brand-new vehicle featuring the latest technology, safety features, and full warranty coverage.

What's in it for you?

• Less stress about trade-in values or resale challenges.
• Peace of mind knowing your vehicle is always under warranty and includes roadside assistance.
• Happier ownership experience with a new, reliable car every few years.

Myth: "I don't own it."

It's true-you don't own the car during the lease term unless you decide to buy it at the end. But consider this: when financing a vehicle for five, six, or even seven years, you don't truly own it either. Until the loan is fully paid off, the title will list the bank as the lienholder. This means the lender has control over the vehicle until the debt is cleared.

With leasing, you have the freedom to walk away at the end of the term or keep the car-whichever makes the most sense for you. Plus, you avoid the hassles of long-term ownership, like declining value and out-of-warranty repairs. Contact us today to learn more about leasing, so you can drive in style around Rochester, NY, Western NY, and beyond.