Let’s talk about the main differences between leasing and financing today.

If you finance a vehicle, you're paying off a portion of a loan every month. When it's done, it’s all yours.

With leasing, you're only paying a (fixed) monthly price to use a vehicle. Therefore, when leasing is done, you have to return a vehicle back to a dealer you leased it from.

So, why would anyone want to lease a vehicle instead of financing it?

With leasing, you're not getting an ownership of a car, but you get the ownership of options. It's like renting, only cheaper (because it's long term).

One of the main benefits is a fixed monthly payment (you know exactly how much the vehicle will cost, regardless of changes in its market value), total flexibility (at the end of the lease you can simply return the vehicle and drive a new one home) and potential tax savings (for companies).

Of course, most leasing companies don't require down payments for leased vehicles.

If ownership of options means more to you than ownership of vehicle, ask us about leasing offers. Then, compare it to financing offers and see what makes more financial sense to you.

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