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Benefits of Buying a Vehicle

Benefits of Buying a Vehicle

If it's finally time for you to upgrade to a new vehicle, you've got two options. You can either buy your new vehicle or lease it. If you're on the fence about which option is best for you and your family, don't worry! Your friends at Sherwood Ford are here to provide some answers on why it's beneficial to buy your new vehicle. Before we get into that, be sure to take a look at our inventory of amazing Ford vehicles so you know exactly which one you want to drive home.

When you buy your vehicle, you own it outright at the end of your loan compared to leasing where the dealership still owns the vehicle at the end of the lease agreement. Throughout the length of your loan, you'll gain equity on your vehicle as long as your payments are outpacing the depreciation of the vehicle. 

Buying is the perfect option if you intend on keeping the vehicle for a long period of time as a lease generally runs for only a handful of years. Buying also provides you with more freedom than a lease does. When you buy a vehicle, you don't have to worry about going over the agreed-upon kilometre limit, and you can feel free to customize your vehicle as you see fit.

 

If buying your next vehicle sounds like the perfect option for you and your family, come on over to our dealership just East of Edmonton. We've got great financing options to help make sure your new Ford doesn't end up costing you an arm and a leg each month. You can even apply for credit right here on our website! Simply fill out a quick form, and bring the results with you when you come to our dealership. Then we'll get down to business on getting you into the brand-new Ford you've been dreaming about!