FREQUENTLY ASKED QUESTIONS
IS IT BETTER TO FINANCE OR LEASE?
There’s no right answer.
Leases and loans are simply two different methods of automotive financing. One finances the use of a vehicle; the other finances the total cost of a vehicle. Each has its own benefits and drawbacks. It's not possible to simply say that one is always better than the other because it depends on your own particular situation and preferences. You must not only look at the financial comparisons but also at your own personal priorities and what's important to you.
Do you like driving a new car every two or three years, prefer lower monthly payments, or drive under 15,000 miles per year? Then leasing might be the best option.
Do you like to keep your car for longer than three years, drive more than 15,000 miles per year, or enjoy modifying or customizing your car? If you do, you should probably consider financing your next vehicle.
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