We love helping Englewood drivers secure the best financing option.
At Lincoln of Englewood, we know that no two of our customers are the same. So if you're someone from Paramus, Englewood or North Bergen, and are wondering which financing solution is for you, join us below as we lay out the key differences between leasing and loans. We can't make your decision for you, but we can certainly make sure you have the knowledge you need to make the right decision. Read more below and if you find yourself with any pressing question, reach out and we will be happy to help!
Overview
If you like to change things up every few years, or if you're looking to lower your monthly payment, leasing with Lincoln Automotive Financial Services may be the option for you. Drive a new Lincoln SUV or sedan for a set amount of time and number of miles and return it to Lincoln of Englewood in New Jersey at the end of your term. With a variety of lease options, you can choose the lease term and mileage that best fits your lifestyle and payment needs.
Ownership
When you lease a vehicle, you do not own it. You pay to use it during the term of your lease, allowing you to drive the latest luxury Lincoln models.
Payments
Since you pay for the vehicle's depreciation, plus applicable taxes and fees instead of the purchase price, you can drive a premium Lincoln vehicle for less than you might with financing over a similar term.
Mileage
We offer a variety of mileage options for you to choose from to meet your driving needs starting from 7,500 miles per year. Whatever you choose as your base mileage option, you'll retain the opportunity to purchase more miles later on.
Wear & Use
Most leases charge you for any damages made to the vehicle. Cracks, cuts, tears or stains that are more than 1/2 inch may be considered excess wear and tear.
Flexibility
At the end of the lease, you have the flexibility to return your leased vehicle to Lincoln of Englewood, purchase it for a predetermined price, or buy or lease a new Lincoln car or SUV.
Overview
If you can't wait to make a Lincoln SUV or sedan your own – customize it however you wish, and drive it to the ends of the earth, then financing with Lincoln Automotive Financial Services is the way to go. Financing your luxury vehicle allows you to make payments for a selected term, and at the end of that term, the car is yours. That means total ownership and maybe even equity.
Ownership
Experience carefree luxury and travel with the freedom to go where the road takes you when you purchase your Lincoln. You own your Lincoln after your financial obligations are met, and you can sell your vehicle or trade it in at any time.
Payments
Payments are based on the terms of your financing contract. You will have a set number of payments, each of which may help you build equity in your vehicle. Because you're paying for the vehicle's full price over the term of your contract, your monthly payment will typically be higher than if you were leasing the same vehicle over a similar term. You can opt to pay your balance off faster by paying more against the principal.
Mileage
You may drive as many miles as you want. However, if you decide to sell or trade-in your vehicle, the mileage may impact its value.
Wear & Use
Since the Lincoln car or SUV will be yours once you pay off your contract, there are no charges for excessive vehicle wear and use. If you decide to sell or trade-in your Lincoln, excessive wear and use may impact its value.
Flexibility
If you’re the type who needs to put your own personal stamp on your vehicle with cosmetic alterations, then buying might be your best route.
I Want To Lease
The flexibility and lower payments of leasing fit many Paramus, Englewood and Hackensack area Lincoln shoppers. Check out our current lease offers to see various Lincoln leasing specials, or contact us so we can price out lease payments specifically for your needs.
View Lease OffersI Want To Buy
Ready to buy a new Lincoln from our New Jersey Dealership? Start shopping our extensive new Lincoln SUV and sedan inventory.
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"They worked with us on obtaining the best lease price and in obtaining the best trade in offer of our current SUV."
Michael S. - Google Review
Still not sure if you should lease or finance your next vehicle?
Our team of finance experts at Lincoln of Englewood, have been assisting drivers in Bergen County to decide whether leasing or financing a new Lincoln SUV or sedan is the best option, and we will do the same for you. Car shoppers from Paramus, Englewood or Wayne can shop with confidence that our team will lay out all possible finance and lease scenarios so you can make an educated and informed purchasing decision. Call or visit our Englewood car dealership to speak with a member of our team.