To Lease or To Finance…That Is the Question

When you’re in search for a legendary vehicle that supplies you with the first-class experience while you dominate the roads with peak exhilaration, you’re at the right place, as Lincoln vehicles deliver the ultimate cruise. However, the big question will eventually pop up—what’s better between leasing vs financing a car? After all, both options help you cruise home in your luxurious ride—but the way you pay and drive varies heavily. Stick with us today as we cover the basics of each style—and don’t forget to visit the Livermore Lincoln finance center near San Jose, CA, to test drive your favorite Lincoln models and to start your lease or loan term.

Short, Simple, And (Very) Sweet: Why Lease?

Are you looking for a low-commitment plan to command your favorite Lincoln vehicle? An auto lease is already a standout option for you, as you’ll drive a vehicle for a term duration (usually 1-4 years depending on your style) and then you get three options: Return the ride you just leased, buy the vehicle if you loved the cruising experience, or lease another Lincoln model. Even if you’re planning on switching from a Corsair to a Lincoln Navigator, virtually nothing is off-limits, making a lease perfect if you constantly want to cruise with something new along with the latest automotive technology.

While a lease offers many options for you to constantly drive a different vehicle, you’re essentially engaging in a long-term rental instead of owning the SUV. One of the top benefits involves paying far less than a lease for the same vehicle (a car lease calculator can even help you judge how much you’ll spend)—however, keep in mind you’ll need to eventually return your Lincoln model—and you’ll get charged for any excess wear and tear. Also, you’ll need to stick within a mileage allowance—but this usually isn’t an issue for most types of casual driving.

Embrace Full Freedom: Why Get a Loan?

Would you prefer to own your vehicle for many years to come? Consider a loan for your next Lincoln SUV, as you’ll simply make a down payment and a series of monthly payments until your ride is fully paid off. However, since you own your vehicle, you’re free to drive however far you want—even if you desire to cruise to the other side of the country a few times a year, virtually nothing is holding you back. You can also make permanent changes like getting a paint job or making an engine modification—again, you won’t need to return the vehicle, so you effectively have full freedom here.

While you keep your ride in a long-term sense, keep in mind a loan will usually cost more than a lease. However, we have a handy online car finance calculator to help you play around with different values and term lengths to see how to fit your favorite Lincoln model into your budget—also, check out our credit estimator to help give you an idea of the types of loans you can receive.. Plus, our team of finance experts work their hardest to guide you through how to finance a car to help you score the best value possible.

Your Dream Luxury SUV Awaits: Begin near Fremont, CA

Ready to add luxurious finesse to your drives? Head to Livermore Lincoln to explore your auto finance options and test drive the SUVs that demand your attention. Our team is also happy to assist you in any way possible, so let us know if you’re looking for some of the region’s top car lease deals or if you have questions about how a loan will impact your credit score—and that’s only the beginning of how we rank your needs first.