Lincoln Buying vs. Leasing Guide

Wondering If You Should Buy or Lease Your Next New Lincoln Vehicle?

Determine Which Approach Works Best For Your Needs

You have a lot to consider when you're looking at a new Lincoln model. First, you need to decide which sedan or SUV is the right one for your daily drive. Then, you need to consider the available trim levels, as well as the must-have features you just can't live without. Finally, there's the matter of whether you should finance or lease your new Lincoln. Fortunately, you can count on the team here at Southgate Lincoln to offer the sound advice you can trust.

When it comes to the purchase versus lease debate, the professionals in our Finance Center gathered together these tips to help you make your decision. After all, the last thing you want to do is make the wrong choice for your lifestyle, adding unneeded costs. As you browse our inventory of new Lincoln sedans and SUVs, keep these points in mind.

 Pros of Purchasing Your Lincoln

  • You own the vehicle and are free to customize it as you wish
  • You don't have to worry about excess mileage fees, so you're free to take off on a spur-of-the-moment road trip
  • Once you make the last payment, you own all equity in your Lincoln
  • You decide when it's time to sell or trade-in your vehicle

Cons of Purchasing Your Lincoln

  • You typically have a larger down payment and monthly payments compared to a lease
  • If you continue driving your sedan or SUV after its warranties expire, you're accountable for all repair expenses
  • If you only drive your Lincoln for a few years, your loan payoff might be higher than your vehicle's trade-in value

 Pros of Leasing Your Lincoln

  • You pay less money up front
  • Monthly lease payments are usually lower
  • Repairs are generally covered by the warranties
  • You're always driving up-to-date models

Cons of Leasing Your Lincoln

  • You have to stick to annual mileage limits, or else you'll pay costly excess mileage fees at the lease's end
  • You may also be responsible for excess wear and tear fees if you don't keep the vehicle in near-original condition
  • you have no equity once your lease is up, so you'll need to start your car hunt again

Contact

Southgate Lincoln

16800 Fort St
Directions Southgate, MI 48195

  • Sales: (734) 285-8800
  • Service: (734) 285-8800
  • Parts: (734) 285-8800

Make an Inquiry

; AdChoices