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Buying vs. Leasing.jpg
Nate Winter
Leasing Manager, Nate Winter, explains the difference between buying and leasing with
Olathe Ford Lincoln!


When purchasing a vehicle, it does not matter if you pay cash or finance your purchase with a lender, the vehicle is yours.

If you are financing your vehicle purchase, the bank will most likely request a down payment. You also have the option of using another vehicle as a trade-in or any equity towards your down payment. Your business manager will explain exactly what the lender requires of you before the actual purchase.

The future value of your car will be based on several factors including the condition, the current market, mileage, etc. Regular scheduled maintenance will help maintain your vehicle value.

Once you have finished paying any financing agreements with your lender, the vehicle becomes 100% yours! The lender will send you a Lien Release as proof of your completed financial agreement. If you have any questions, our title department and Business managers are here to assist you!



Low monthly payments:​ Instead of paying the full life value of the vehicle, the lease customer pays only the value of the vehicle used over the lease term.

Low initial cost:​ Leasing often requires no down payment. At lease inception the lessee is required to pay the first monthly payment and a security deposit, if required, equal to about one monthly payment.

Shortened trading cycle:​ The customer may choose to get a new car more often with leasing (when compared to financing). In addition, to achieve the same payment on retail financing as compared to a short-term lease requires a much longer retail financing term.

More car:​ Leasing is popular because customers may be able to drive more car for their monthly lease payment. Instead of settling for the car they can afford with a long-term retail financing payment, customers may choose to upgrade for nearly the same payment and get the car they want through leasing.

No trade-in hassles:The lease-end residual value is established at the beginning of the lease and is often referred to as a “guaranteed future value. “Ford Credit assumes the risk that the vehicle will be worth the lease-end value. The lessee is never “upside down” at the end of the lease due to a weak used car market because they don’t take on this risk.

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- + Disclaimers