Getting a new Lincoln is exciting, but before you enjoy that new car smell, you have to make one important decision. Should you buy or lease your next Lincoln? Both options have great benefits that you should consider before visiting your local Lincoln dealership.
When deciding between buying and leasing your next Lincoln, consider your budget, ownership goals, driving habits, and lifestyle priorities. These factors will help you make the right financial decision and enjoy your new ride.
Benefits of Buying
You Own the Vehicle
Buying a Lincoln means you have full ownership of the vehicle. You can build equity over time as you pay down the financing. This earns you equity, which you can realize as cash savings when you eventually sell or trade in the car.
You Can Customize the Lincoln
Total vehicle ownership gives you the flexibility to customize the Lincoln however you desire. You can opt for custom upholstery, custom wheels, a premium sound system, and other accessories. You can even wrap the exterior in a custom color without worrying about the dealer’s restrictions.
No Mileage Limits
One major perk of buying over leasing is that you can drive as many miles as you want annually. This is a great choice for drivers who enjoy frequent road trips or long commutes. You can drive as much as you need for work or leisure without worrying about hefty overage fees.
Long-Term Savings
Buying a Lincoln may cost more upfront, but it can reap savings in the long run. As you build equity in the vehicle, you can realize significant cash value when you decide to trade in or sell the Lincoln years later.
Benefits of Leasing
Lower Upfront Costs
Leasing requires you to pay a small percentage of a car’s value upfront through fees and a down payment. This amount is usually less than what you would pay if you decided to buy the vehicle. If you don’t have a huge down payment to put down, leasing reduces the starting costs of acquiring your dream Lincoln.
Cheaper Monthly Payments
Along with lower upfront costs, leasing also comes with lower monthly payments. You only pay for the vehicle’s depreciation during usage, so the monthly installments are lower than car financing payments.
Drive the Latest Lincoln Models
Car leases typically run for 24 to 36 months on average. This allows you to frequently upgrade to Lincoln’s latest models with the newest designs, luxury features, and cutting-edge technology.
If you are still not sure whether to lease or buy a Lincoln, we can help. Our team can evaluate your driving needs and budget and advise on the best option. Swing by Asheville Lincoln to explore our inventory and discuss your needs with our dedicated staff.
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