Buy VS Lease

Leasing vs. Buying – Which should I choose?

Monthly Payment

• Leasing: Typically lower payments
• Buying: Usually higher payments

Ownership

• Leasing: You don’t own the vehicle
• Buying: You own it once it’s paid off

Vehicle Upgrades

• Leasing: Easy to get a new vehicle every few years
• Buying: You keep the same vehicle as long as you want

Maintenance Costs

• Leasing: Often under warranty, fewer repair costs
• Buying: Maintenance costs increase over time

Mileage Limits

• Leasing: Mileage restrictions apply
• Buying: Drive as much as you want

Customization

• Leasing: Limited ability to modify
• Buying: Customize however you like

Long-Term Cost

• Leasing: Lower short-term cost, no equity
• Buying: Higher upfront cost, builds equity

End of Term Options

• Leasing: Return, buy, or lease another
• Buying: Keep, sell, or trade anytime

Depreciation Risk

• Leasing: Dealer absorbs most depreciation
• Buying: You take on depreciation

Lifestyle Fit

• Leasing: Great for flexibility & newer tech
• Buying: Best for long-term value & ownership