Are you dreaming of driving away from the Helfman Ford showroom in a new Ford car but worried about the monthly payments on your lease? Leasing can be a great way to get behind the wheel of a new Ford model without breaking the bank, and here at Helfman Ford, we offer several great Ford leasing options. Here are some tips to lower your monthly payments.
Choose a Model with a Higher Residual Value
In leasing terminology, the residual value is the estimated worth of your Ford car at the end of your lease term. Vehicles that hold their value well will have lower depreciation costs, which also means lower monthly payments. Ford trucks such as the Ford F-150 and SUVs like the Ford Expedition tend to have strong residual values.
Lower Your Capitalized Cost
The capitalized cost is essentially the price that you are paying on the vehicle. Speak with our friendly sales team to see if the capitalized cost on your leased Ford car can be lowered, as a lower capitalized cost means you’re financing less, resulting in lower monthly payments.
Opt for a Shorter Lease Term
While longer lease terms may seem appealing with their lower monthly payments, they often result in higher overall costs due to the increased interest. Shorter lease terms, such as 24 or 36 months, can have lower monthly payments due to the lower amount of total interest.
Make a Larger Down Payment
A larger down payment on your Ford lease reduces the amount that you need to finance, thus lowering your monthly payments. You can also consider trading in your current vehicle to boost your down payment.
Explore Your Ford Leasing Options at Helfman Ford
Here at Helfman Ford, our team of friendly finance professionals are here to help you lower your monthly payments. Visit us today and drive off in your dream Ford car!
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