Visit our Ford Finance Center in Poteau, OK
The right financing solution is available at Riverside Autoplex of Poteau, so talk to our expert team. Shopping for the right vehicle to suit your lifestyle is exciting, and our team understands that you might be anxious to drive home right away in your favorite Ford vehicle. We can help you understand your options for leasing a Ford vehicle or taking a traditional loan from a financial institution. These two methods have different terms and conditions, and selecting the right one is very important. However, this process can be made more accessible when you work with our finance specialists in Poteau.
Buying or Leasing a Ford Vehicle
Talk to our finance team if you have any questions about the terms of the lease or loan agreement. Before deciding whether to buy or lease a Ford vehicle, consider the effect each contract has on the monthly payments, upfront costs, and the option for ownership. For example, if you take a loan to buy a vehicle, you will own the Ford vehicle entirely after you pay off the loan. If you're leasing a Ford vehicle, you will not own the car at the end of the contract. However, once the lease ends, you can buy it with a lease-purchase option.
Monthly payments are affected by the loan or lease agreement choice. For example, Pocola Ford owners who have a loan on their vehicles should expect higher monthly payments because the entire vehicle price is being paid over a fixed term. On a lease agreement, the monthly cost is often lower because you only pay for the depreciation, interest, and fees.
There's also a difference in the mileage you can use monthly. With a loan agreement, you can drive as often as you want. There is no restriction on the number of miles you can travel, and you can modify the vehicle as you see fit because you own it. However, if you're driving in a leased Ford vehicle, there is a limit to how many miles you can drive monthly. You are also not allowed to modify the vehicle in any way.
The down payment on a leased and loan contract is also significantly different. On a traditional loan, you must make a down payment, but the cost is usually lower than you can expect on a lease. The lease agreement generally requires that you pay a sizeable down payment. This can include the first month, security deposit, fees, and applicable taxes; however, there is room for negotiation in this area.
Our Finance Team
Financing a new, used, or certified pre-owned Ford vehicle is necessary to get Mena shoppers behind the wheel. Most customers are already familiar with traditional loans, for example. However, you might consider the lease option under certain conditions. For example, if you plan to upgrade your vehicle every few years, you could opt for the lease instead of selling your previous model before buying a newer version. The traditional loan is more suitable if you want to modify your Ford vehicle by installing aftermarket parts or other cosmetic changes. Let us know your needs, and we can help you to select the right financing option.
Our Dealership
The finance team at Riverside Autoplex of Poteau can help Greenwood shoppers understand the terms of each finance option so that you can make informed decisions about your next Ford vehicle. We have a vast selection of Ford sedans, trucks, vans, and SUVs, so you can be confident that you can drive home today in the one you want. We also invite you to bring your trade-in vehicle to our dealership for an evaluation. Find out how easy it is to get behind the wheel of the perfect Ford vehicle by visiting us at Riverside Autoplex of Poteau today.