Buying and Leasing

Is it better to Buy or Lease?

Consider Buying if: You are uncertain of your annual mileage over the next few years, You have money for a down payment, You like to customize your vehicle, You plan to keep your vehicle more than three years, or you want to own your vehicle at the end of the contract. If you buy with Ford Credit at Earnhardt, you have a variety of flexible and popular terms are available, unlimited mileage, the ability to customize your vehicle at any time, and each payment helps build vehicle equity toward future trade-in.

Consider Leasing if: You can anticipate your annual mileage over the next few years, you keep your vehicle in good condition, you like a new vehicle every two to three years, you prefer to drive a vehicle that is under warranty, or you want the convenience of returning your vehicle at the end of the contract. If you lease with Ford Credit at Earnhardt, you have a variety of flexible and popular terms available, seven mileage options to fit your need, the ability to customize your vehicle at lease inception with approved accessories, and a choice of three lease end options: Purchase or lease a new Ford, Purchase your leased vehicle, or return your leased vehicle.


Know all the costs of Owning a Vehicle

Keep in mind that it will cost more than just the monthly finance payments when you buy or lease a vehicle. Do not forget to include the costs of things such as gas, insurance, scheduled maintenance, and state registration fee. These costs are part of owning a vehicle. When figuring out what you can afford, keep these costs in mind. Figure out what you can afford using this budget calculator.

What you need to bring with you when you visit Earnhardt Ford

Make sure you have the following information to make your visit to Earnhardt Ford go smoothly: Social Security number, Date of birth, Current and any previous address, Current and previous employer information, proof of income, information on existing credit accounts, drivers license, name and addresses of up to four references that do not live with you, and an online credit decision email or pre-approval offer letter.

The Finance and Insurance Department

After you have decided on your Ford vehicle, you will probably be introduced to someone in Earnhardt Ford's Finance and Insurance (F&I) department. They have plenty of finance options and will work with you to find the options that are right for you. F&I managers can tell you about special financing offers, manufacturers incentives, reduced finance rates or cash back, walk you through and answer any questions about the financing contract, and explain optional products such as GAPCoverage, WearCare®, and Extended Service Plans. You will sign a finance agreement that includes the price of the vehicle, financing charges plus any optional products, and your payment schedule.

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