Use the chart below to help decide between buying and leasing. Select the "learn more" buttons for additional information.
Buy or lease?
Compare side by side.
|Ownership||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)
Pay only for use of the vehicle, if available. Ownership requires significant additional payment at end of term.
|learn more||learn more|