Mossy Ford Finance Center

Car Buying vs. Car Leasing

Deciding whether to buy or lease a new Mossy Ford can be a difficult choice. It is important to know the differences between the two options so you can figure out which is best for you.

When you buy a vehicle, you are paying for the entire vehicle. Typically, buyers make a down payment, either pay the sales tax in cash or roll the amount into the loan, and then make monthly payments with a set interest rate. 

When you lease a vehicle, you are only paying for the amount of the vehicle you use. The sales tax is included in the monthly lease payment, which is determined in part by a money factor that is much like an interest rate on a new car loan. Typically, the first monthly payment is made when you sign the contract.

Used Car Finance Options Near Clairemont

Are there used car finance options? Absolutely. Making a used car more budget-friendly is possible through financing. Similar to the process for a new car, you can apply for a loan to finance the purchase of a used car. If you're aiming for the most affordable monthly car payment, you might be curious about the duration of used car financing. Generally, used car loan terms typically span from 60 to 72 months.

Apply for Auto Loan Financing & Car Leasing in San Diego

Ready to move forward in your car-buying journey? Mossy Ford makes it simple with user-friendly online tools. Calculate monthly payments, assess trade-in values, and, most importantly, apply for auto financing from the comfort of your home or office in San Diego!