Traditional Loan Agreement
The traditional loan agreement allows you to fully own the vehicle at the end of the loan term. This means that you can resell it, and there's no restrictions to how you can accessorize or customize your Ford truck, car, hybrid or EV. You can outfit it with roof racks, custom grilles and do other body modifications. In addition, there is no limit to the number of miles you can drive per month when you sign onto a traditional loan.
Ford Lease Agreement
A loan agreement might not be suitable for everyone, so there is also a lease option. You can get into a Ford through a lease program that is versatile enough to accommodate a variety of situations. This plan offers different benefits, but you can always ask questions to our finance center professionals if something remains unclear.
The lease agreement enables you to drive the vehicle with the option to buy it at the end of the contract. This amount is typically lower than the price you would pay by purchasing it through a traditional loan. However, you can also choose to upgrade the vehicle to a higher model, or you can trade it in for something similar in value. This option comes up every few years, so this is a way that you can always be sure to drive a late model that has been regularly maintained by the dealer.