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.
