Buy vs Lease

Benefits of Leasing

  • Lower down payment
  • Lower monthly payments
  • Lower maintenance expenses
  • More end-term options, including buying, trading, extending the lease or walking away
  • Able to upgrade to a new car more frequently

Benefits of Buying

  • No mileage restrictions
  • You can keep your car for as long as you’d like
  • You own the car after you pay off the loan, and do not need to worry about continued monthly payments
  • Builds equity
  • Opportunity to sell the car whenever you’d like

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