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
