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Looking for a mid-size SUV for your family? We recommend putting the new 2025 Ford Explorer at the top of your shopping list. It's the most popular SUV Ford makes because it offers families a great blend of performance, comfort and technology. To help make the new 2025 Ford Explorer more affordable, we offer new vehicle specials on this very popular SUV. Here's a look at your financing options at Team Ford Lincoln in Denison, IA.
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The Ford Explorer gives you a lot for your money and to help you get even more value, we offer loan and lease financing for our Denison, IA customers. Both financing strategies have pluses and minuses so here are some thoughts that can help you make the right decision.
The way most people finance a new Ford Explorer is with a loan. It's simple, straightforward and easy to understand. When you get a car loan you can drive home with a new Explorer and you won't have to worry about annual mileage limits like you would with a lease. You pay back the loan gradually with regular monthly payments. When the loan is paid off, you'll be the sole owner of your Ford Explorer and, just as exciting, you'll probably have created thousands of dollars worth of cash value. That's real money you can use to help you buy another new Ford Explorer or whatever you want. Of course, another great option once you pay off the loan is to keep driving that Explorer and you won't have monthly payments. It's a pretty awesome feeling.
Any loan will require that you pay for interest as part of your monthly loan payments, and the rate will be based on things like your credit score. You'll also have to make a down payment on any loan, which will be higher than the down payment with a lease. But a loan will be worth the short-term sacrifices because you'll be building cash value and eventually owning that Ford Explorer. That's why financing with a loan is the approach most people take.
Think of leasing as a long-term rental that usually lasts for 36 months. Instead of paying off a loan, you'll pay for the amount of depreciation your Explorer is expected to have during your lease contract. Remember that you won't build up any cash value and you won't ever own that vehicle. At the end of your lease, you'll return your Ford Explorer to our dealership. You'll also need to make a down payment on a leased Ford Explorer and you'll be responsible for paying any miles you drive above the limit and for excess wear-and-tear.
The standard engine in a Ford Explorer is a 2.3-liter turbocharged four-cylinder that delivers 300 horsepower and 310 pound-feet of torque. A higher level option is a 3.0-liter turbo V6 that's good for 400 horsepower and 415 pound-feet of torque. Inside, the Ford Explorer will have either an 8-inch touch screen or an available 10.1-inch screen, a standard six-speaker stereo and an available rear-seat entertainment system.
Visit with someone in our finance center to get help in deciding whether to get a loan or a lease. Once you decide, we can help you get the best available interest rate or financing package. Find out more about our new Ford Explorer financing specials at Team Ford Lincoln in Denison, IA.