Finance vs. lease:
the pros & cons

We understand that everyone has unique priorities and goals when it comes to cars, life, and finances. That's why choosing between financing and leasing can be a highly individual decision. To assist you in making the best choice for your budget and lifestyle, our team of exceptional finance experts is available to help.

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Pros of buying

  • You own your Lincoln
  • Travel for as many kilometers as you want each year
  • When you’ve paid off your laon, you’re free of payments and you build equity in your vehicle
  • Add accessories, such as a roof rack, cargo carrier, or running boards.

Cons of buying

  • The vehicle will depreciate over time
  • You'll need to pay for repairs when the warranty expires
  • As your car gets older, the repair costs may be higher
  • When it’s time to get a new car, you need to sell or trade it in

Pros of leasing

  • Monthly payments may be lower than financing
  • Get to drive a new car every two or three years and experience the latest features
  • If you intend to move or travel further afield in the next few years, then you won’t have a car to sell
  • You won't have a vehicle that depreciates over time.

Cons of leasing

  • Keep the vehicle maintained and in good condition to avoid extra changes at the end of the lease
  • A limit on the annual number of kilometers you can drive
  • If you always lease, monthly payments never end
  • You will likely face penalties if you can’t afford to make the lease payments

Leasing from MGM Lincoln

We're here to help.

Your monthly payments will be determined a number of things, including:

  • Lease charges
  • The vehicle's value
  • A downpayment you decide to make
  • Interest rates
  • Taxes and fees
  • The expected depreciation of the vehicle

Both financing and leasing have their benefits. Whatever option you choose, our professional finance managers will go through all the details and answer any questions regarding warranties and other financing options to protect your investment. We look forward to meeting with you soon to discuss your needs and options!