Prestige Ford
Sales: 972-468-1024
Service: 972-468-1171
Parts: 972-468-1216
Collision: 972-468-1280
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Buy vs Lease near Addison, TX

Buy vs Lease near Addison, TX

Figuring out how to purchase a vehicle can seem like a burden, which is why we’ve taken the time to explain two of the main options – buying and leasing. Keep reading to learn more about what sets each one apart and then contact our knowledgeable Finance Department to get a loan that’s customized for your needs!

Flexibility

Before we get into the cost aspect, let’s talk about another distinguishing factor between buying vs leasing, which is the level of flexibility. Buying has a more rigid timeline, since you are working to pay off the entire cost of the vehicle, minus any applicable incentives or discounts of course. There is a bit of room to negotiate the number of years, depending on your credit score and the cost of the vehicle, but for most customers it ends up being at least five years with a new vehicle purchase. With leasing, you are not working to own the vehicle, so you can choose a contract for as little as one year if needed. Many lease terms average out to roughly two years, but even the months can be adjusted depending on your situation. You’ll also get to customize how many miles you think you need to drive.

Monthly Cost

Besides the obvious factors such as the sticker price of the vehicle, leasing usually ends up providing lower monthly payments. The main reason for this is that you are making monthly payments that are based on how much the car will be worth once your lease is up. Vehicles can depreciate quite quickly, which adds significant savings on a three-year lease, for example. Financing a purchase works just like any other credit situation, which could mean paying a little more each month. However, once you’ve paid off the vehicle, it’s yours to keep driving for as long as you want or until you decide to sell. We have an online Payment Calculator if you want to get started right away. 

Your Lifestyle

Finally, an important factor to keep in mind is your lifestyle. If you’re the kind of person who loves utilizing the latest technology features, leasing allows you the ability to get behind the wheel of the current iteration simply by renewing your lease. Similarly, if you think you might want to try out a completely different vehicle, leasing provides that option with ease. For those who get attached to their vehicle or want to be able to pass it down to their kids, buying is likely the more suitable choice.

Now that you know a little more about buy vs lease near Addison, TX, come explore our inventory at Randall Reed’s Prestige Ford! We look forward to working with you soon.


Contact Information


Sales Hours

972-468-1024
Monday 9:00 am - 9:00 pm
Tuesday 9:00 am - 9:00 pm
Wednesday 9:00 am - 9:00 pm
Thursday 9:00 am - 9:00 pm
Friday 9:00 am - 9:00 pm
Saturday 9:00 am - 9:00 pm
Sunday Closed

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Dealership Information

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Testimonials

I had a wonderful experience

Stephanie West
1-23-2019
Full Star Full Star Full Star Full Star Full Star

I had a wonderful experience and Ian, my salesman, was refreshing to work with. He got me the vehicle I wanted and made me feel comfortable. No pressure or old school sales tactics with him. It was the best car buying experience I’ve had thus far. The gentleman in the financing department was pleasant to work with as well. He offered options and explained why they were offered and didn’t badger me! I will refer anyone looking for a new car to Ian’s at Prestige Ford, hands down.

Amazing Service Staff

Haylee Kasallis
1-16-2019
Full Star Full Star Full Star Full Star Full Star

David in the service department was AMAZING! He was very aware of our situation at all times and called me when there was an update on my car. Said it would be a week wait but they finished in 3 days! Even when I had a hard time at check-out, the customer service rep was very alert and made sure I had a great experience and followed up with me afterward. Their service department is fantastic and if you can, ask for David!

Great Work!

Cat
1-10-2019
Full Star Full Star Full Star Full Star Full Star

Had some issues with the Geico side, but Randall Reed did great work on my vehicle and treated me very courteously as we navigated through some process issues. Thank you!

Sales is the Best

Rebecca Longan
1-2-2019
Full Star Full Star Full Star Full Star Full Star

Excellent customer service! We drove from Oklahoma to Garland, TX to get our car! Ian in sales is the best!

Recommending coming here for a vehicle.

nathan posey
12-26-2018
Full Star Full Star Full Star Full Star Full Star

Looked all over DFW for a F-150. Went to 10 different dealerships within the past 8 months, and this place was by far the best place to do business with. Xaiver (Salesman), Sean ( Sales Manager), and Luis (Finance) were all easy to negotiate with. They just wanted to make the best deal possible with you, to fit your budget. Real good people to work with. Recommending coming here for a vehicle.

Hard workers!

Harrison J.
12-20-2018
Full Star Full Star Full Star Full Star Full Star

Those guys stayed late to work with me, which I really appreciated.

Very straight forward and didn't waste my time.

12-7-2018
Full Star Full Star Full Star Full Star Full Star

“My sales person, Kelly Mcneill- Graham, was very fast at getting back to me when I first inquired about the truck through the internet. She gave me her cell # to call when I would be arriving at the dealership and met me promptly. She got me through the sales process quickly as I had requested. She even brought the truck out to a half way location to deliver it and take back the trade in when it came time to pick up the truck. She really had her patience tested dealing with my requests and she was courteous through it all and delivered the truck at the advertised price. Very straight forward and didn't waste my time. I will recommend her and the Prestige Ford dealership in Garland. Thanks for the pleasant and rapid experience. - Andrew Rhoads”

Very friendly and good service.

Carlos
11-22-2018
Full Star Full Star Full Star Full Star Full Star

Very friendly and good service. Overall very good.

Long-time customer!

Glen
11-16-2018
Full Star Full Star Full Star Full Star Full Star

Long-time customer. Cliff always treats me right.

Ron was very nice to us.

Jay
10-30-2018
Full Star Full Star Full Star Full Star Full Star

It was a good experience! Ron was very nice to us.

Great experience!

Robert B.
10-11-2018
Full Star Full Star Full Star Full Star Full Star

Bruce and Monty were both very personable and worked with us until the very end. Great experience!

Customer service was excellent!

Julio M.
9-28-2018
Full Star Full Star Full Star Full Star Full Star

I appreciate everybody's attitude, and their willingness to work with the customer was excellent. They were able to get me exactly what I asked for.

When mom is happy, everybody is happy.

Dale C.
8-16-2018
Full Star Full Star Full Star Full Star Full Star

Everything went well. I, for one, was completely satisfied, and my momma, well, when mom is happy, everybody is happy.

They were helpful and very friendly.

Mack
5-3-2018
Full Star Full Star Full Star Full Star Full Star

I really enjoyed everyone at Ford. They were helpful and very friendly.

My second car from Prestige Garland.

Debbie
4-26-2018
Full Star Full Star Full Star Full Star Full Star

I bought the car I am trading in here. It's been great!

We were treated like real people.

Brian S.
4-26-2018
Full Star Full Star Full Star Full Star Full Star

I enjoyed that when I first got here, we had a salesperson come out and help us immediately. It was a great experience, and this was the best place we've come to where we've been treated like real people.

Great Experience!

Jensen M.
11-1-2017
Full Star Full Star Full Star Full Star Full Star

Everybody was very friendly and attentive, and I liked that. When I talked to my salesperson, Melisa, she gave me her number and said I could call her for anything–and she answered when I did call. She was very helpful. Our finance guy, Joe was also great!

They worked hard to make sure I was pleased with my deal.

Tanisha F.
10-30-2017
Full Star Full Star Full Star Full Star Full Star

Salesman and folks at the dealership were great and I had no issues at all. They were definitely working hard to make sure I was pleased with my deal. If it were not for the folks at Prestige.

It was an enjoyable experience!

Kenneth Durbin
10-25-2017
Full Star Full Star Full Star Full Star Full Star

Our salesman, Tony Roberson, went out of his way to make sure is was an enjoyable experience. We were on our way to buy a Toyota and just stopped at Ford to look! After meeting Tony that all changed. I own a new Mercedes Benz too, but Tony is as good a salesman as I've ever met.

I would recommend Prestige Ford to my family and friends.

Tiffany Ashenfelter
10-11-2017
Full Star Full Star Full Star Full Star Full Star

Our salesman was kind, courteous and informative. I would recommend Prestige Ford to my family and friends.

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