Lease vs Finance

Leasing vs Financing

More and more people are discovering the advantage of leasing. Whether it is the appeal of lower monthly payments or the opportunity to drive a new vehicle every few years, many drivers are exploring the possibility of leasing their next car, truck or SUV.

What is leasing?

Leasing is a financing option that allows the customer to pay for what they actually use. The payment is based on the estimated depreciation and a small cost of borrowing.

Benefits of leasing

Lease money up front

A lease typically requires less money up front than traditional auto loans.

Protection from potential negative equity

Avoid the risk that your vehicle's value has declined beyond its projected residual value.

Virtually worry-free driving experience

Most lease terms are within the factory warranty period helping you avoid costly repair bills.

Affordable payments with shorter terms

More bang for your buck. Consider newer models with more options!

Protection from unexpected depreciation

Avoid risks when you want to trade, such as:

• Technology
• Fuel Prices
• Negative Publicity
• Model Changes

Buy:

Pay for the whole car

Lease:

Pay for the portion used