Financing Is Easier Than Ever In Frederick, MD
Once you have found your dream model, and after you have taken it around the block on a test drive, your next step is to explore the different financing options available to you. This part of the purchasing process can sometimes seem daunting, particularly for drivers who are new to the process. That is why our team is here to walk you through the entire process, so you feel comfortable and confident throughout the entire experience.
Regardless of whether you prefer to lease or buy a new Lincoln model, our team can walk you through the pros and cons of each option. You can also utilize our wide selection of online tools to help expedite your experience -- tools like our finance application.
Using Our Finance Application
We understand that many drivers lead busy lives. As such, it can be difficult to justify spending an entire day at our dealership, most of which is spent discussing financing and payment options. That is where our online finance application comes in! With this application, you can choose when to apply for financing -- whether that's when you wake up or before you to go to bed. Plus, it's accessible from anywhere that has an Internet connection.
Once you have submitted this secure application to our team, we will go over it and then respond to you. From there, we will detail what your next steps are. Of course, if you have any questions about our selection of vehicles, you are always welcome to speak with our team. They would be proud to assist you with any of your automotive needs.
Leasing vs. Buying: What's the Difference?
So what's the difference between leasing and buying? Which should you consider investing in? Which offers the better investment option?
There is no objective right answer. Buying and leasing offer different benefits, which may be right for you depending on your driving needs, your budget, and your lifestyle.
Buying
For those who prefer to buy a vehicle -- who want a long-term driving option -- we recommend considering buying a car. Not only does buying give you ownership of the vehicle, but it also doesn't come with any requirements or parameters. The downside to buying a car is that you have to take out an automotive loan. This involves checking your credit and taking out a loan. Also, with the number of factors included in your monthly payment (the loan amount, loan length, APR, and your down payment), your payment per month can sometimes be on the expensive side.
Leasing
If you need a short-term vehicle and you prefer lower monthly costs, then leasing may be right for you. Leases are generally less per month than buying is. However, leasing does come with some cons, too. You are allotted a certain number of miles. If you exceed this parameter, then you have to pay more (usually a fee of a few cents per mile). Additionally, you have to keep your leased vehicle in good condition. Excessive wear and tear could result in a bill when you bring the car back. However, for those who are mostly driving short distances, and who prefer a shorter term investment with lower payments, it can be a good option.Have Any Questions?
If you would like to learn more about our selection of vehicles, or if you would like to learn more about leasing and buying, feel free to stop by Ourisman Lincoln of Frederick, located in Frederick, MD. Our team would be proud to help you schedule a test drive with your preferred automotive option.
We are proud to help answer any questions you may have about the purchasing process.
We are proud to serve drivers in Hagerstown; Leesburg, VA; Westminster, MD; Gettysburg, PA; and Purcellville.