Who Should Buy?

When financing, drivers may wonder whether they should buy or lease their next vehicle. While both are great options, buying is the better choice for drivers looking to own a vehicle. This means that you can keep your car as long as you want or sell it when you're ready for something new. Drivers will also be able to customize their vehicles with aftermarket accessories when buying. This is a freedom that you will not have with a leased car.

Additionally, there are no mileage restrictions when buying a car, meaning you can drive as much as you want with no penalty. Buying a car is typically a more feasible choice in the long run and is a great option for drivers wanting an investment or a sense of ownership.

Who Should Lease?

There are many benefits when leasing as well. Leasing your next car will typically cost you less money upfront than if you buy. There will also be a lower down payment (if any at all) and lower monthly payments due to the fact you are only paying the vehicle's depreciation value rather than for the entire purchase price. Drivers who lease can often get a better car for the same amount or lower than if they buy as well. There will also be fewer maintenance costs because the car will be under warranty throughout the lease. And once your lease is over, you will have the freedom to lease another vehicle, buy your current car, or simply just return your lease and walk away. This is a great option for drivers wanting freedom and the opportunity to upgrade to a newer model more frequently.