At Ewald Commercial, we work hard to stock Ford trucks to satisfy all sorts of business needs. Having the right tool for the job is always important - and this is especially true when it comes to choosing a work truck. Luckily, the selection at our Ford dealer near Oconomowoc includes models that are designed and built for a variety of purposes. We make it easy to search for quality trucks that will serve your business well for many years to come.
Not only do we sell the full range of outstanding Ford work trucks - but we can also help you to lease a truck that will be a great match for your business.
How Does a Lease on a Truck Work?
When you need a new Ford truck to help your business grow, you should know that buying is only one of the ways to get your hands on one. Another option that is quite popular with Wisconsin businesses is leasing work trucks. Unlike buying, your business won’t actually take ownership of a leased vehicle.
When you lease, you’ll make an initial down payment and then monthly payments in exchange for use of the vehicle for a predetermined number of years. In this way, leasing is similar to a long term rental agreement. Leasing can bring a variety of advantages that could make this the right option for your business. If you’re wondering “how does a lease on a truck work?” - allow us to fill you in on the steps involved.
Explore the selection of new Ford trucks and select the right model for your business
Work with the Ewald leasing specialists to find truck lease deals that match your needs
Decide on the lease term that makes sense for your business
Complete your lease and hit the road with a new Ford work truck
Is Leasing A Truck Better Than Buying?
One of the most common questions asked by businesses considering a commercial lease is - “is leasing better than buying?” In many situations, the answer is a definite yes! There are several key differences between buying and leasing a work truck that you will want to consider when it’s time to make this decision.
The main difference that sets a lease apart from a purchase is ownership of the vehicle. When you lease, your business won’t actually take ownership. You’ll make payments for exclusive use of the truck for a set amount of time, known as your lease term. If you’re wondering if leasing is the right call, here are some compelling reasons why you might want to consider leasing rather than buying.
Easily switch to a different model once the lease term ends
Enjoy improved cash flow with easy financing and lower monthly payments
Avoid losses associated with vehicle depreciation
Spend less on repairs and maintenance
Take advantage of tax benefits
Is It Worth It To Lease A Work Truck?
If you are used to buying work trucks for use by your team and business, you might find yourself wondering if it is worth it to lease a work truck. Not only can leasing a truck be worthwhile, but many Wisconsin businesses have found that it is actually a lot more advantageous for their situation than buying! Here are some of the reasons why this might be the case for your business as well.
Less worry about maintenance and repairs
Ability to upgrade to newer trucks on a more regular basis
Access the latest technology that Ford trucks have to offer
Easily upfit trucks to suit your fleet needs with Ewald
What Are The Pros and Cons of Leasing a Truck?
While leasing is a great solution for many local businesses in a range of industries - not everyone will find that it’s the right move. Depending on your business goals and requirements, you might discover that buying is the right move. Whether you decide to buy or lease, you can count on the team at our Ford dealership near you to make the process easy and enjoyable. Check out the table below to explore some of the pros and cons of leasing a commercial truck.
Pros of Leasing a Work Truck
Cons of Leasing a Work Truck
Lower costs up front and lower monthly payments
Your business won’t actually own the truck
Fewer maintenance responsibilities
Mileage restrictions according to your lease agreement
Shorter commitment, allowing you to upgrade sooner
You’ll need to wait until your lease term ends before you can upgrade
Less financial risk related to depreciation
Higher long-term expense compared with buying
What Credit Score Do You Need To Lease A Ford
Your credit score is one of the most important factors that determines your eligibility for leasing a Ford work truck. While it’s not necessary to have a perfect credit score, the higher your score - the easier it will be to secure the lease deal that you need. Caranddriver.com suggests that you’ll want a credit score of 620 at a minimum - with scores of 680 and higher being seen as ideal.
Why Do Companies Lease Trucks?
Companies will choose to lease commercial trucks for a number of different reasons. After all, every business is unique and will have its own set of requirements. Below are a few of the most common reasons why local businesses choose to lease their work trucks instead of buying. When you’re making the decision of whether to buy or lease - be sure to evaluate your own business goals and needs.
Lower monthly payments
Improved cash flow
Easily upgrade after lease term ends
Lower maintenance costs
Lease Ford Trucks at Ewald Automotive
Ready to lease a truck that can help your business to meet its full potential? Whether you’re seeking a single outstanding truck or a whole fleet for your team to use - our Ford dealer near Oconomowoc has everything you’ll need. You can work with our committed and knowledgeable staff to learn about trucks that will suit your line of work and secure lease deals that fit your needs and wants.
To get started, we encourage you to give us a call or take some time to visit our Ford dealership near you in person. A member of our staff will be happy to sit down with you and have a discussion about your business requirements. This way, they can recommend lease options that will meet and exceed your expectations.
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The list of standard equipment and accessories contained on this document reflect equipment which was standard at the time vehicle was manufactured. This vehicle may or may not contain some or most of the equipment and accessories listed as a result of the vehicle identification number equipment compilation provided by a third party source. This VIN equipment compilation is provided as a service by the dealer and a third party source and is in no way intended to serve as a warranty or list of actual equipment contained on the vehicle.