Buying vs Leasing

Hours

  • Monday 8:30AM - 9:00PM
  • Tuesday 8:30AM - 6:00PM
  • Wednesday 8:30AM - 6:00PM
  • Thursday 8:30AM - 9:00PM
  • Friday 8:30AM - 6:00PM
  • Saturday 9:00AM - 3:00PM
  • Sunday Closed

Contact Us

North Brothers Ford Inc.

33300 Ford Road
Map & Location Westland, MI 48185

  • Sales: (734) 928-2108
  • Service: (734) 821-7451
  • Parts: (734) 772-9323

Buying vs. Leasing a Vehicle - Compare Your Options


When you're in the market for a new car, truck, SUV, or crossover, one of the most important decisions you need to make is whether you want to buy a new or used vehicle, or lease a new vehicle. At North Brothers Ford in Westland, MI, we know that whether you want to buy or lease a vehicle, it's a big investment. We want to help you understand the pros and cons of each option so you can make the right decision that best fits your auto needs. Not to mention, the vehicle you buy or lease will be one you drive each day, so we want to make sure you are comfortable with the choice you make on whether to buy or lease a vehicle by providing all the information you need to confidently make that decision.

Do you know whether you are going to buy or lease your next vehicle? If you haven't decided just yet, we've got you covered at North Brothers Ford. We've made it easy for you to understand all the basics of buying vs. leasing a car, truck, SUV, or crossover. In our Buying vs. Leasing Guide below, you can compare the facts, pros, and cons that each option offers. Before we get started, here are a few things you might want to consider first:

  • What will your vehicle be used for?
  • Type of vehicle you want
  • Daily commute distance
  • Driving habits
  • Your personal monthly budget
  • Maintenance costs

Each of these factors will help guide you through your decision on whether buying or leasing a vehicle is best for you. While we can't make the decision for you, the guide below that highlights the difference between buying and leasing will help you evaluate which option is right for your lifestyle. Remember, every situation is unique and should therefore be treated as such! While leasing might be right for you, it may not be right for another person. If you have any questions about whether to buy or lease a vehicle, give us a call at (734) 928-2108. Our team of knowledgeable auto experts at our North Brothers Ford Dealership in Westland, MI, is happy to help with anything you need, including weighing your options.


 

  • You drive only 1 vehicle for 60+ months
  • You can trade-in or sell your vehicle anytime
  • Maintenance must be covered by owner or warranty
  • No limit on milage driven
  • Buyer pays for the full cost of the vehicle
  • Monthly payments vary depending on down payment
  • Buying builds buyer's equity
  • You can drive up to 2.5 vehicles over 60 months
  • Lease price is based on percentage of vehicle cost & length of lease depending on down payment
  • Limit on milage driven
  • Lease periods can last 24-72 months
  • Monthly payments vary depending on down payment and APR
  • Minimal maintenance required












 


  • The vehicle is completely yours after loan is paid off, may be more cost effective for some in the long run
  • No monthly car payments once the loan is paid off
  • Buy has ability to customize or modify vehicle
  • No mileage limits

  • Maintenance costs are sometimes included in lease
  • Drive a new car every 2-3 years
  • Possibility of lower monthly payments
  • You'll always have a new vehicle and the newest features
  • Lower up-front cost















 

  • Monthly payments are typically higher
  • Down payment may be more expensive
  • Vehicle value depreciates quickly
  • Maintenance costs are your responsibility
  • Potential hassle to sell the vehicle later on
  • You're responsible for damages and wear
  • Early lease termination can be expensive
  • Restriction on miles you can put on the car; potential fees if you go over
  • You don't own the vehicle
  • You cannot customize the vehicle












Should You Buy or Lease a Vehicle? Learn More from North Brothers Ford in Westland, MI


We understand that deciding whether to buy or lease your next car, truck, or SUV is a big decision, so we have even more detailed information on how to buy a car or how to lease a car in the menu on the left of this page! It's our goal to provide you with thorough information on the auto buying process and auto leasing process so that you can feel comfortable and confident in whatever decision you make. If you're ready to start shopping for your next vehicle, check out our inventory online. We offer a vast selection of new Ford cars, crossovers, trucks, and SUVs, as well as a vast selection of used and certified pre-owned vehicles to choose from. North Brothers Ford is located at 33300 Ford Rd. Westland, MI 48185. We're proud to help our neighbors in Westland, Wayne, Novi, New Hudson, Wixom, Northville, South Lyon, and beyond find the perfect vehicle for their auto needs!

At North Brothers Ford we're here to help you throughout the entire process of buying or leasing a car, truck, SUV, or crossover. We want to provide a transparent and honest leasing or buying experience. As we are a family owned dealership, we value treating our customers like family and truly care about your experience with us. If you have any questions about whether buying or leasing is better for your individual needs, give us a call at (734) 928-2108. We're happy to answer any of your questions.

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