Buy vs Lease in Coon Rapids, IA

To Lease or to Buy? That is the Question

When a driver makes the decision to invest in a vehicle, weighing your financing options is always important. Here at New Way Ford we offer the help of our finance center when you're making the decision whether to lease or loan the vehicle you're interested in.

There are benefits and drawbacks to both leasing and purchasing a vehicle. It all depends on the individual driver, their budget and their preferences. We'd like to offer some insight on the advantages of both options so you can make the best choice.


Leasing a vehicle offers you the chance to drive a brand new model without the long-term commitment of purchasing. When you lease a vehicle you'll get to experience the latest model year for a lower monthly payment than when you buy. Leasing also allows you to drive a new car every few years if you prefer variety. One of the main drawbacks to leasing is you can't customize or personalize your vehicle and you must return it without surpassing a certain amount of mileage. However, if you do want to buy your car at the end of your lease you're able to. You're also able to renew the lease or lease another brand new car.


Purchasing offers more flexibility and the satisfaction of owning your vehicle outright. You're able to customize, accessorize and personalize your vehicle in whatever ways you want to, put as many miles on it as you want to and eventually sell it if you want to once you pay off your loan. Purchasing a new or used vehicle is the better option for someone who wants to truly make a vehicle theirs. You can also purchase a certified pre-owned model, which offers many similarities to buying a new model, but for a fraction of the cost.

We'd love to help drivers in the Coon Rapids, Jefferson, Panora Guthrie Center, Audubon and Carroll areas find their ideal new or used vehicle to lease or loan today. Simply fill out a finance application and come see us at your earliest convenience.


New Way Ford

30711 Highway 141
Directions Coon Rapids, IA 50058

  • Sales: (800) 861-7268

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