While everyone dreams of owning a new car, the price tag on a new vehicle can add up quickly. That's especially true when you consider additional fees like sales taxes. But there is a way to make driving your dream car more affordable, which is an option called leasing. Leasing is generally a shorter-term arrangement that lets you drive the vehicle you want without a substantial financial investment. With a lease, you only pay for the depreciation cost, which is the value that a car loses over time. Leasing is also available to drivers regardless of income and career. If leasing sounds appealing, read on for more benefits.
2025 Ford Explorer ST SUV V-6 cyl
- MSRP1:$62,355
- Savings:$4,927
- Price:$57,428
- Ford Offer:$1,500
- Price:$55,928
- Affiliate Offer:$1,500
- Certificate Offer:$1,500
- First Responder Offer:$500
2025 Ford Explorer ST-Line SUV I-4 cyl
- MSRP1:$49,115
- Savings:$4,334
- Price:$44,781
- Ford Offer:$1,500
- Price:$43,281
- Affiliate Offer:$1,500
- Certificate Offer:$1,500
- Trade-In Offer:$1,000
- First Responder Offer:$500
2025 Ford Explorer Active SUV I-4 cyl
- Total Before Savings:$41,450
- Savings:$2,000
- Price:$39,450
- Ford Offer:$1,500
- Price:$37,950
- Affiliate Offer:$1,500
- Certificate Offer:$1,500
- Trade-In Offer:$1,000
- First Responder Offer:$500
2025 Ford Explorer Active SUV I-4 cyl
- Total Before Savings:$45,605
- Savings:$4,277
- Price:$41,328
- Ford Offer:$1,500
- Price:$39,828
- Affiliate Offer:$1,500
- Certificate Offer:$1,500
- Trade-In Offer:$1,000
- First Responder Offer:$500
What Are the Benefits of Leasing a Vehicle?
There are numerous benefits associated with leasing a vehicle. One is the flexibility to decide what happens to the car at the end. When you start a lease, you can choose to get either a closed-end or an open-end lease. A closed-end lease means that you drive the Explorer for a set period, usually 36-48 months, and then return the vehicle to the dealership when the lease is up. At that point, you can take out a lease for the latest model of the Ford Explorer or choose to lease another car instead. With an open-end lease, you'll pay to own your Ford Explorer when the lease is up ultimately. This type of lease is especially popular among drivers who know they want to keep driving the same car.
Because it is a shorter-term arrangement, leasing has significant financial benefits. Leasing a vehicle means paying for the price of depreciation, which is the value a car loses when it drives off the dealership lot. The price of depreciation is considerably less than the amount you'd have to pay to own the vehicle. Additionally, there are hidden fees that frequently get tacked onto the price tag of a new car, including the state sales tax and insurance fees. Both expenses are significantly lower, or even nonexistent, for a lease. This, in turn, can save substantial amounts of money.
Finally, leasing is a popular option for its ease and convenience. It's a fast way to get behind the wheel of a car you want to drive, which means you get to drive your dream car even sooner!
If leasing sounds appealing, contact our dealership for more information today.
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