New Ford Explorer Lease Deals

What Are the Benefits of Leasing a Vehicle?

If you are curious to learn more about leasing, we will happily answer your questions. Leasing is an appealing financial structure for many reasons. For starters, leases are available in two formats, which are open-end and closed-end. This structure provides plenty of flexibility and personal choice for drivers. An open-end lease lets you drive your Ford Explorer for several years, usually two to three, before becoming the owner at the end. This option provides a way to make secure payments in the meantime. A closed-end lease means you can drive the Explorer for several years and then trade it in for a new one.

Leasing is also appealing for its low-cost payment arrangement. With a lease, you pay incrementally for the right to drive the car rather than making one lump-sum payment upfront. This eases the financial stress for many car owners, as it takes a much smaller toll on the bank account. Leasing provides predictable and relatively low monthly payment arrangements during the lease. You won't be hit with unexpected fees that often catch car buyers by surprise, including state taxes and other sales taxes.

If you're concerned about the cost of vehicle repairs, leasing is also a good option. When you lease a vehicle, the car will be covered by a factory warranty. This means if a part breaks during the lease term, you don't have to pay to get it fixed. That fact can be significant, as the cost of vehicle repairs can quickly add up. Along with lower maintenance and service expenses, you may pay less in sales tax and insurance over time, too.

If you have questions about leasing or want to learn more, don't hesitate to contact our dealership today.