Buy vs Leasing a New Car | Burlington NC

After all the excitement of choosing a new car, the decision between leasing and financing can seem like a drag. At Stearns Ford, we want to help make the process easier. We've started by outlining some of the benefits of both leasing and financing your next car, truck, or sport utility vehicle at our dealership.

The answer really comes from your personal preferences, so it's important to determine what you value the most. And if you think of any additional questions, contact our finance team to further assist you.

The Key Differences Between Leasing and Financing

Advantages of leasing a vehicle:

  • Easily upgrade to a different model when your lease ends
  • Lower or no repair costs thanks to factory warranties
  • Lower monthly payments
  • Sales tax is only applied to the portion of the vehicle you finance

Things to consider before you lease:

  • You do not own the car at the end of the lease, and it will be returned to the lessor
  • Many lease agreements put limits on mileage and customization

Advantages of buying a vehicle:

  • You own the car when you complete your payment plan
  • There are no mileage or customization restrictions

Things to consider before you buy:

  • Monthly payments are higher
  • Larger upfront payments
  • Maintenance can be more expensive

Lease or Buy in Henderson, North Carolina

Hopefully this outline helped make the differences between leasing and financing a little easier to understand. Now all that's left is the fun part: you're ready to choose from our vast inventory of new and used Ford vehicles.

If you have questions for our finance department, or would like to schedule a test drive, reach out to the team at Stearns Ford today. We are always available to help in person, online, or on the phone at (888) 789-8795.

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Stearns Ford Inc

602 Alamance Road
Directions Burlington, NC 27215

  • Sales: (888) 789-8795
  • Service: (888) 593-7015
  • Parts: (888) 627-1964


  • Monday 8:30 AM - 7:00 PM
  • Tuesday 8:30 AM - 7:00 PM
  • Wednesday 8:30 AM - 7:00 PM
  • Thursday 8:30 AM - 7:00 PM
  • Friday 8:30 AM - 7:00 PM
  • Saturday 8:30 AM - 4:00 PM
  • Sunday Closed