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Lease vs Finance

 

 

 

Lease or Finance?

 

Here's a quick comparison between Leasing and Financing

 


 

 

 

LEASING

- Requires little or no money down.


- Your financial situation does not allow large monthly payments for an extended period of time.

   
- You drive a new vehicle every three to four years.

   
- Your annual driving mileage falls within the typical mileage allowance of a lease. (Contracts with higher mileage allowances may be available.)

 

 

 FINANCING


- You can afford a relatively high down payment or you have a car with equity to trade in.


- You want to keep your car for several years.


- You want the flexibility to own your car and sell it at any time.


- Your annual driving mileage exceeds the typical mileage allowance of a lease.