Navigating the world of vehicle financing can be difficult, especially for new drivers. Is securing a Lincoln lease always the way to go? Or is financing the answer? This topic ultimately comes down to each driver’s personal situation. Let’s take a look at some pros and cons of each option to help you decide.
Financing Your Vehicle
If you’re interested in keeping a vehicle for the long run, then financing is the way to go. Financing your vehicle is a much more serious commitment than leasing, as it requires drivers to secure a loan from a lender.
Terms will be provided based on the application submitted, which can then be negotiated further if they’re not agreeable. In general, financing is the better option for buyers who can handle the commitment and are confident that payments can be made on time for the duration of the loan period.
Leasing Your Vehicle
On the flip side, drivers who aren’t looking to enter into a long-term financial agreement should consider leasing their next Lincoln vehicle. Leasing provides flexibility in both the selection and overall cost of the lease.
Drivers will be able to choose between lease agreements of varying lengths and mileages that suit the level of commitment they wish to make. While drivers do not assume ownership of the vehicle, leasing a Lincoln allows drivers to enjoy the features and performance of a vehicle they may not otherwise be able to afford.
Still unsure about what option to pick, or have some lingering questions for our finance department? Reach out to Woodhouse Lincoln for answers, and maybe even stop by to take a look at the available selection of vehicles while you’re at it!
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