Financing & Leasing F.A.Q.
Financing and Leasing FAQs at Raabe Ford: A Comprehensive Guide
Your Questions, Answered with Clarity and Care
Purchasing a new vehicle is an exciting milestone, and understanding how to pay for it should feel just as straightforward. At Raabe Ford serving Delphos, OH, our finance team helps drivers navigate the difference between buying, financing, and leasing with confidence. Whether you're exploring flexible monthly payments, long-term ownership, or a short-term lease, we're here to make the process transparent and stress-free.
What Is the Difference Between Financing and Leasing?
When you finance a vehicle, you're paying toward ownership. Each monthly payment builds equity, and once the loan is complete, the vehicle is entirely yours. Leasing is more like a long-term rental; you pay for the portion of the car's value you use during the lease term, often with lower monthly payments than financing. At the end of a lease, you can return the vehicle, purchase it, or move on to a new model.
- Financing is best if you plan to keep your car long-term or drive many miles annually.
- Leasing is ideal if you enjoy driving a new vehicle every few years and prefer lower monthly payments.
What Loan and Lease Terms Are Available?
Raabe Ford offers flexible loan and lease terms tailored to your lifestyle. Financing terms typically range from 36 to 72 months, giving you control over payment size and total cost. Lease terms usually run 24 to 39 months, making it easy to upgrade to the latest Ford models sooner. Our finance specialists near Elida, OH, work closely with trusted lenders to secure competitive rates and favorable terms.
Can I Lease If I Drive a Lot of Miles?
Yes. While most leases come with standard mileage allowances - often around 10,500 to 12,000 miles per year - we can structure higher-mileage plans if you drive more. Choosing the right mileage plan upfront can help avoid excess mileage charges at lease end and keep your payments predictable.
Can I Finance or Lease with Less-Than-Perfect Credit?
Our finance center serving Spencerville, OH, has experience helping customers with a range of credit histories. Even if your credit isn't perfect, Raabe Ford can explore special programs and lending options to get you approved. We also work with first-time buyers to make the process clear and achievable, offering guidance on how to improve credit over time.
Are There Additional Costs I Should Expect?
When financing, consider sales tax, title, registration, and optional extended warranties or service plans. Leasing may include an acquisition fee, a refundable security deposit, and an end-of-lease disposition fee. Our team explains every cost clearly so there are no surprises when you sign your paperwork.
Can I Purchase My Lease at the End of the Term?
Yes. Many drivers near Ottawa, OH, choose to buy their leased vehicle at the end of the term if they've grown attached to it. Raabe Ford can help you understand your buyout price and secure financing if you decide to keep the car. It's a great option if you love your current Ford and want to keep it for the long haul.
Get Personalized Guidance at Raabe Ford
Have more questions about financing or leasing your next Ford? The specialists at Raabe Ford serving Columbus Grove, OH, are ready to guide you through every option, ensuring you leave with a plan that fits your budget and driving needs. Visit our finance center today to explore current offers and learn how easy it is to drive home in your ideal Ford.
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Raabe Motor Sales
11260 Elida Road
Delphos, OH 45833
- Sales: (419) 692-0055