Lease vs. Purchase

at Fox Grand Traverse Ford

Make Your Choice with Ford Credit

The decision to finance or lease can depend on several factors, including how often you prefer to get a new vehicle and your driving habits. Determine which best fits you and your lifestyle.

Should I Buy or Lease a Ford in Traverse City?

The biggest difference between buying and leasing a Ford is ownership.  Buying a car means that the vehicle is yours to do with and drive for as long as you like.  Leasing on the other hand is like renting in that the vehicle is not yours, is usually returned to the owner after all payments are made, and has to be kept in good condition.

Finance or Lease Using the Fox Buy Your Way Program

At Fox Grand Traverse, our dealership makes it incredibly easy to finance or lease a new Ford thanks to the Fox Buy Your Way program. This five-step process takes Traverse City drivers from the initial research phases through to vehicle delivery to your home or office. Along the way, drivers will be able to select protection options, value their trade-in, and apply for financing. Simply put, the Fox Buy Your Way program allows drivers to buy or lease their next new Ford entirely online.

Buying a Ford in Traverse City

Finance a Vehicle - Make it yours

Vehicle financing can be the ultimate reward whether you're considering a new or Certified Pre-Owned Ford vehicle.

Financing also has unique benefits and features:

  • Variety of popular terms
  • No mileage limits or excess wear and use charges
  • Customize your vehicle at any time
  • Each payment helps build vehicle equity toward future trade-in

Consider BUYING if you:

  • Like to drive or have a long commute - no worry; buying means unlimited miles
  • Plan to have a large down payment
  • Want to customize - personalizing with aftermarket equipment is allowed
  • Expect to keep the vehicle for more than a few years
  • Want to own the vehicle free and clear - once all payments are made the vehicle is yours

Leasing a Ford in Traverse City

Lease a Vehicle - Retain your option to return or buy

Lease payments are usually lower than similar-term finance payments because you're only paying for the portion of the vehicle's value used during the lease term (and any associated lease charges).

Red Carpet Lease provides unique benefits and features:

  • Variety of popular terms, including our popular 24/36 month leases
  • Seven mileage options to choose from
  • Customize your vehicle at time of purchase with approved accessories

Consider LEASING if you:

  • Can anticipate annual mileage needs over the next few years - miles are limited
  • Keep your vehicle clean and in good working condition
  • Like having the 'latest and greatest' - leasing can mean a new car more frequently
  • Prefer to have a vehicle that is under warranty
  • Value the convenience of returning your vehicle at the end of the agreement

Popular Ford Models to Finance or Lease in Traverse City

Ford Trucks

There is perhaps no vehicle segment more synonymous with the Ford brand's toughness and reliability than the pickup truck. The Ford F-150 is easily the most popular model, offering a large swath of powertrain choices, high-level towing and hauling capabilities, as well as predicted reliability ratings that ensure the F-150 will be by your side for years to come.

Ford also offers the compact Ford Ranger pickup for those who prefer a more nimble truck. Despite its compact frame, the Ranger still manages to produce a high power output alongside a driver-friendly fuel economy.

Shop Ford Trucks

Ford SUVs

Ford SUVs are also a great way to go, especially if you're in the market for a more family-oriented vehicle. There is a Ford SUV in every size ranging on the small end with the subcompact Ford EcoSport and compact Ford Escape and on the large end with the full-size Ford Expedition.

Or, you can go in between with one of two midsize options, the Ford Edge and the Ford Explorer. Also, the Ford SUV lineup has received a boost with three new models, the off-road-oriented Ford Bronco and Bronco Sport and the high-performance all-electric Mustang Mach-E.

Shop Ford SUVs


Fox Grand Traverse Ford

3464 N. U.S. 31 South
Directions Traverse City, MI 49684

  • Sales: (231) 922-2000
  • Service: (231) 922-2022
  • Parts: (231) 922-2030

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  • Monday 8:30 AM - 6:00 PM
  • Tuesday 8:30 AM - 6:00 PM
  • Wednesday 8:30 AM - 6:00 PM
  • Thursday 8:30 AM - 6:00 PM
  • Friday 8:30 AM - 6:00 PM
  • Saturday 9:00 AM - 3:00 PM
  • Sunday Closed