Here at Premier Ford Lincoln, we know that not everyone loves math. For some of us, it was our least favorite subject in school, and that distaste for numbers has stuck with us ever since. And, much like adding grapefruit to a fruit salad, adding math to anything you enjoy will invariably make that thing worse. So unfortunately, as fun as shopping for a new Ford vehicle may be, there's going to be some math in the process in the form of a car loan, financing offer, or lease. But we want to make the numerical portion of your shopping experience as easy as possible, which is why we're sharing this handy video from Ford about the differences in your options, and what makes each one right for you.
For those who frequently commute in the city, an auto lease is perfect, as it typically offers a lower monthly payment than financing, provided you don't go over your mileage. Plus, lower payments typically mean you'll be able to enjoy more car for your money, and if you find you're really falling in love with your vehicle, you'll always have the option to buy it out at the end of the lease term at a price agreed upon at signing. However, if you want the freedom to drive as many miles as you'd like and own your car for many years to come, a car loan or financing offer will give you the opportunity to do so.
We hope the video above has help to demystify some of the terms you'll hear when considering a new car, however, we have a few more helpful tools to offer that should alleviate your math anxiety: calculators. Yes, that's right, much like the ones you snuck in to math tests in school, we've got helpful calculators on our site like the credit estimator and the value your trade tool to help you better understand your financial situation before you even set foot in our showroom. However, if you'd like to get started on your financial application today, feel free to apply for credit online, and take care of the rest. Of course, if you need any hands-on help, feel free to visit us at our dealership in Brooklyn to speak with the talented math fans that make up the staff in our finance center.
