Buy a Car with an Affordable Loan or Lease

The easiest way to purchase a car is with a wallet full of cash, but this isn’t a reality for many car buyers. Fortunately, the finance team at Wood Motor Ford of Carthage near Joplin and Kendricktown has several affordable financing options available. When you are ready to purchase a new Ford, trust our finance department to build a loan or lease with attractive terms and conditions.

Why Choose a Car Lease

Drivers choose car leases because they come with several benefits, including low monthly payments. Auto leases work differently than traditional car loans because drivers only lease vehicles for short terms - usually 24 or 36 months. At the end of the lease term, you return the leased vehicle to our dealership in Carthage, Missouri. Then, you choose a new Ford and start the process again with a special offer from Ford.

Lease payments are determined by the MSRP minus the residual value at the close of the lease. Interest is added, then the sum is divided by the term. The residual value is determined by the age, mileage, and condition of the vehicle, so leases always have conditions about mileage limits, wear and tear, and customizations. It’s essential to leave the leased car in stock condition so you do not get fined for excessive wear and tear and for removing stock parts.

Another benefit of leasing is never having to worry about reselling the car. You’ll return the car and choose a new one - so every couple of years, you’ll choose a new car with the latest innovative features and fuel efficient powertrain.

Benefits of Traditional Auto Loans

Ford Credit provides financing for leases and auto loans. Drivers still choose auto loans, especially if they drive more than 15,000 annual miles and want to customize their vehicles. The newest auto loans tend to have longer terms, sometimes up to 84 or 92 months.

With an auto loan, the eventual goal is to own the car outright. While drivers who end their leases early often incur early termination fees, drivers with auto loans do not worry about fees for selling their vehicles before the loan is paid for. Instead, they use the trade-in value to pay off the loan. While monthly payments are usually higher in auto loans, many drivers prefer them to leases because loans have flexible conditions.

Finance Your New Car at Wood Motor Ford of Carthage in Carthage, MO

Whether you choose to pay cash or get a loan or lease, we invite you to explore the benefits of choosing a new car from Wood Motor Ford of Carthage in Carthage, Missouri. Our friendly sales team understands how the money factor matters when shopping for a new car, so they will help you get a great deal on your dream car, truck, SUV, or EV from Ford Motor Company.