Financing Benefits

Lease or Buy: Both are Good Options When Purchasing Your Next Vehicle from White Bear Lincoln in St. Paul

Options are an obvious factor when selecting your next new Lincoln. You can choose everything from the color to the infotainment suite to the engine.

There are also options when it comes to financing your next White Bear Lincoln: namely to lease or buy? Both have distinct advantages, and the right choice for you depends on a number of different factors. Here's a breakdown of key differences and benefits of buying or leasing a vehicle.


The most traditional way of purchasing a vehicle in Minneapolis is still the most popular. The most obvious benefit of choosing to buy a new Lincoln is that you'll own it at the end of the loan. Owning your car is a lot like owning your home--you can modify and customize it as you see fit.

Additionally, you'll be able to take advantage of your vehicle's resale value. Sell your car when you wish after it's paid for, and use the proceeds to supplement the down payment on your next vehicle.


Leasing is growing in popularity. Many buyers opt for a lower monthly payment and the ability to drive a higher-end model vehicle in exchange for returning to the dealership at the end of the agreement.

Leases typically involve a lower down payment, which benefits your bank account. It's a more affordable way to experience the latest technology and features. And when the term is over after a few years, you can lease another top-of-the-line vehicles.

Get the Finance Process Started Before Coming to See Us

You can jumpstart your purchasing experience from home in one of two ways. You can get pre-qualified for financing, or fill out a credit application right on our website! You'll come to White Bear Lincoln with a definitive idea of your budget, and we'll help you select the car or SUV of your choice.

Apply for Financing

Purchase a Lincoln

New and Certified Pre-Owned Lincoln vehicles come with many advatanges: 
  • Flexible terms 
  • Unlimited miles
  • No charges for unexpected or excess wear and use
  • Build equity toward a trade-in
When purchasing, here are exclusive Lincoln Automotive Financial Services programs to consider: 

GAP Coverage

In the event of vehicle loss, this optional coverage steps in when insurance proceeds do not satisfy your contract balance. GAP Coverage Protects Your Vehicle Financially You've made an investment in your Lincoln and GAP Coverage was created to protect that investment. If your Lincoln is stolen and not recovered or if it's declared a total loss, your insurance company may not pay enough to satisfy what you still owe. 

GAP Coverage is designed to bridge that gap. With certain restrictions, it waives the difference between your current outstanding balance (subject to conditions) and the actual cash value of the vehicle at the time of loss.

For an added level of protection there's GAP Advantage, which provides a $1,000 down payment on a new or pre-owned vehicle purchased at the originating dealer.

GAP Coverage Options

Learning about both of the plans allows you choose accordingly

Flex Buy Program

Flex Buy Program Utilizes two payment levels so you can plan ahead. A lower payment level earlier in the contract, followed by a higher level.
If you have any questions, we're ready to help walk you through all your available options.

Lease a Lincoln

There are a number of reasons to chooose Red Carpet Lease:
  • Choice of terms, such as 24- and 36-month leases
  • Multiple mileage options
  • Lease payments tend to be lower than those of similar term financed purchase
  • No trade-in to worry about
  • After satisfying your lease-end obligations, you can:
    • purchase or lease a new Lincoln,
    • purchase your lease vehicle, or
    • simply return the vehicle.

Mileage Options

We offer eight lease mileage options to suit your specific needs. Choose from 7,500 to 19,500 miles per year. Drive more than 19,500 miles per year? You have the opportunity to secure more when you initiate your lease.

GAP Protection Benefit

Gap Protection may waive the difference - or gap - between your insurance payoff and your outstanding lease balance in the event your leased vehicle is stolen or declared a total loss. This unique benefit is built into your lease. With Gap Protection, provided you have the insurance required by your lease agreement, you are only responsible for the insurance deductible and amounts owing (ex. past due payments) at the time of the incident. Certain restrictions may apply.

Advance Payment Program (APP)

We offer our clients the opportunity to prepay all monthly lease payments up front in a single, one-time payment. This allows you to drive without giving monthly payments another thought. Keep in mind, lease-end obligations still apply.

If you have any questions about whether financing or purchasing is right for you, don't hesitate to contact us at (651) 483-2631 and we'd be happy to walk you through your options. At Lincoln Group, your satisfaction is our priority.