What’s the Difference Between Buying and Leasing a Lincoln Vehicle?

When it comes time to upgrade over your current ride, the biggest question you’ll need to ask yourself right off the bat is whether you want to buy or lease. While buying is in many ways, the most straightforward way to get a new vehicle, it’s not necessarily the best choice for every driver as needs vary from person to person. In truth, there is no universally right answer for everyone, and financing will work for some while leasing makes sense for others, but there are advantages to both that you need to be aware of when you start to shop around for a new Lincoln.

Purchasing a new or Certified-Pre-Owned Lincoln vehicle comes with very flexible terms and is done with the idea that you’re looking for a vehicle that will be with you long term. Buying comes with the least number of limits as you are the actual owner of the vehicle. Hence, there is no excess mileage or wear and tear charges and financing allows you to build equity towards your next-trade-in.

Leasing, on the other hand, is a bit more complicated on the surface, but it can be quite advantageous for certain drivers around Toledo and Ottawa Hills. Our Red Carpet Lincoln leases give our customers options right from the get-go, as you can choose between a 24 or 36-month lease and choose from a range of different mileage preferences.

A big difference that many of our customers take note of is that a Lincoln lease comes with a lower monthly payment than those who finance, which frees you up to enjoy much more of life in your new or Certified Pre-Owned Lincoln. There’s also no trade-in to worry about at any time and once your lease concludes, you have one of three options.

  • You can buy or lease a new Lincoln.
  • You can purchase your leased vehicle for the remainder of the value that isn’t paid off.
  • Or you can return the vehicle, hand over the keys, and be on your way.

Suffice it to say; there are different ways to go about getting a new or Certified Pre-Owned Lincoln, so consider your options and our finance center will be ready to put you behind the wheel of your next Lincoln.