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