Use the chart below to help decide between buying and leasing. Select "learn more" for additional information.
Buy or lease?
Compare side by side.
You own the vehicle
Drive a new vehicle more often
The value of your vehicle may decline with higher mileage
Charges for excess mileage above amount agreed to in your lease agreement
You choose what and when to repair
You can change the appearance of the vehicle
Leasing company sets maintenance guidelines
Vehicle appearance can't be changed
Usually higher (compared to leasing)
Pay for vehicle over term of the contract
Usually lower (compared to buying)