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Financing vs Leasing vs Paying Cash

Choose Your Perfect Payment Option

Explore financing, leasing, and cash payment solutions at Stivers Ford Lincoln

Financing

  • Complete ownership of your vehicle
  • Build equity with each payment
  • No mileage restrictions
  • Ability to modify your vehicle
  • Flexible loan terms available

Leasing

  • Lower monthly payments
  • Drive a new vehicle every few years
  • Warranty coverage throughout lease term
  • Lower down payment required
  • Easy end-of-term options

Cash Purchase

  • No monthly payments
  • Potential price negotiations
  • Immediate equity
  • No interest charges
  • Complete ownership flexibility

Detailed Comparison

Feature Financing Leasing Cash Purchase
Ownership Yes, after loan payoff No ownership Immediate ownership
Monthly Cost Higher than lease Lower payments No monthly payments
Mileage Limits No restrictions Typically 12,000-15,000/year No restrictions
Customization Unlimited Limited Unlimited
Future Value Builds equity No equity Immediate equity

Ready to Explore Your Options?

Our finance experts are here to help you make the best choice for your needs.

Call Us: (515) 987-3697

Frequently Asked Questions

What credit score do I need?

While higher credit scores typically result in better rates, we work with all credit situations and have special programs available for various credit profiles.

How much should I put down?

Down payment requirements vary based on your credit and the vehicle selected. We can work with you to determine the optimal down payment for your situation.

Can I trade in my current vehicle?

Yes! We accept trade-ins for all payment options and will provide you with a fair market value for your vehicle.

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