Gillespie Ford
Sales: 847-281-5507
Service: 847-281-5294
Parts: 847-281-5297

Buy or Lease?


One of the most important decisions you'll need to make when shopping for a new vehicle is whether to finance or lease. Determining which is best for you depends on your driving habits, what you like to do with your vehicle and how long you'd like to have it. Below we've provided some of the advantages of financing and leasing to help you make a well-informed decision.





Ford Credit provides a variety of lease terms designed just for you. You can choose from seven mileage options, as well as a wide variety of term lengths to meet your needs. You will also find great program benefits and options to fit your driving needs.Click here to see current Lease Specials. A Ford Lease is a convenient way to obtain a new Ford vehicle with features that fit your needs.  You have the opportunity to enjoy a new Ford and new technology more often, as well as select from a variety of flexible terms, mileage options and payment choices. 

Ford Credit Red Carpet Lease
  • Flexible Terms- Ford offers a variety of lease terms that provide the flexibility to select the term of your choice based on desired monthly payments

  • Mileage options- Ford's mileage options offer several choices to fit your needs, ranging from 10,500 to 19,500 miles per year*

  • Payment options- Ford offers customers the flexibility and convenience of a variety of payment options. You can manage your payments by mail, phone and online, even through a mobile device

  • WearCare┬« is an optional purchased program only available at lease inception.  WearCare offers up to $4,000 in excess wear and use protection, providing peace of mind throughout the term of the lease and minimizing worries about future expenses. 

  • GAP (Guaranteed Asset Protection), included at no additional cost, and protects you in the event the vehicle is stolen or damaged beyond repair by waiving the difference (or gap) between the insurance payoff and the outstanding lease balance.  With GAP, the exposure is limited to the insurance deductible, past-due payments, and any other outstanding charges!

  • Convenient lease-end options- At the end of the lease, you have three options to transition smoothly to you next vehicle: 

    • Trade it - Purchase or lease a new Ford
    • Buy it - Purchase the leased vehicle at the predetermined price stated in the Red Carpet Lease agreement (plus any applicable taxes and/or fees)
    • Walk away - Return the leased vehicle to a Ford Dealer (the only option that would result in mileage charges ($.15 - $25)


*Additional miles may only be purchased on the 19,500 mile option

Fill out the form below to get in touch with an expert to find out just how much we can help you in your decision making process!

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