Not sure if leasing or purchasing your next vehicle is the right move? Check out our Lease vs Finance comparison to help you decide. Leasing a car often has a lower monthly payment compared to traditional finance. Most lease offers have a low down payment as well compared to traditional auto loans. Questions about #LeasingACar? Contact Gresham Ford.

If you want to purchase instead, consider unlocking the road ahead with Ford's zero percent financing! Your dream car is within reach — apply for Ford Motor Credit today and pave the way to savings. Don't wait, grab the keys to your future now! Apply Here

Not Sure if Leasing is Right for You?

Visit our Lease vs Buy Quick Reference Guide to review the pros and cons of each financing solution. We know that leasing can provide a bit of a learning curve and we want to help. Please feel free to reach out to any Sales and Leasing Specialist at Gresham Ford with your questions. In the mean time below is a short glossary of terms that will help you to better understand the leasing process.

Auto Leasing Glossary

Ford Credit Red Carpet Lease Deals

Anyone who doesn't want to purchase a car should consider leasing a Ford. At a nearby dealer, you can currently lease the Ford vehicle of your dreams. Choose a sedan, truck, minivan, mid-size SUV, full-size SUV, or crossover by perusing the Ford selection. If you liked a leasing offer you saw in the online catalog, click on it to see more information. You can go through the available inventory or ask for an estimate on a potential Ford lease. Even one of Ford's most fuel-efficient vehicles may be available for leasing. There are also discounts on Ford finance at several dealers. Moreover, FordCare, a program for planned maintenance, is included with all recently leased Ford automobiles. It has a lifespan of either two years or 36,000 miles. Also, it comes with unlimited miles and two years of roadside assistance. Even plug-in hybrids like the Mustang Mach-E and crossover hybrids like the Explorer Hybrid can be leased. Even a new EcoSport, Escape Hybrid, or the legendary F-150 truck may be available on lease. Of course, visiting your preferred Oregon Ford dealer now is the finest approach to discover the ideal Ford lease offers for you. To locate the ideal Ford car that fits your lifestyle and budget, inquire about Ford lease discounts.

Well qualified buyers may also be elibile for zero-down financing options. Ford Motor Credit offers this impressive option on a number of leases for new Ford vehicles.

Is it cheaper to lease for 24 or 36 months?

Given that standard leases are often given for 36 months, 24-month contracts provide a different option for buyers who want to upgrade to their next vehicle more quickly. Although the monthly prices of 24-month leases can frequently be higher, the payments may appear acceptable. Not all brands have a shorter-term option, in addition to the fact that discounts, interest rates, and residual values for 24 and 36-month leases can vary. Many auto finance options are provided by companies like Ford Motor Credit, including typical retail loans and motor leases.

Here, we'll examine a few variables that could assist you in deciding whether a 24 or 36-month lease is best for you.

Various Residual Values

Higher residual values are typically an advantage of shorter leases, which frequently helps to reduce the cost of a lease. For instance, depending on trim, the 24-month residual on a 2023 Ford F-150 can reach 61%. It falls to 57% if the lease is for 36 months. The 24-month residual for the 2022 Ford Bronco Sport is 59% as opposed to merely 51% with a 36-month lease.

Various Interest Rates

When it comes to leasing, the interest rate, also known as a money factor, is frequently different for 24 and 36-month leases. Ford's money factor, or 4.9% APR, is, for instance, 0.00206 for the 2023 Explorer. A somewhat better rate for a 36-month lease is available at 0.00204, or roughly 4.8% APR. Short leases for the Expedition are probably going to have higher rates. Ford has a 24-month APR of 2.71% compared to a 36-month APR of 2.35%.

Various Discounts

You might discover that varying amounts of discounts apply to shorter leases. On 24-month leases, we frequently discover that companies like Ford tend to provide significantly better incentives. Various rebates and incentives that lower your payment terms and the vehicle's residual value are frequently available for various model years and trim levels.

24-month leases might provide more flexibility, but most buyers will discover their monthly payments are significantly more. A 36-month contract is generally a better option if getting the most value for your money and affordable monthly payments are your top priorities. The majority of buyers might not be aware that automakers provide pull-ahead and early turn-in offers to help you get into a new car sooner than what's specified on your contract. Each brand has its own subtleties, so it's essential to consult your dealer to find the one that best suits your requirements.

Gresham Ford's auto finance specialists are delighted to go through all of your options with you and assist you in achieving the goals that are most significant to you. Simply ask!