Here's a quick comparison between Leasing and Financing

  • Requires little or no money down.
  • Your financial situation does not allow large monthly payments for 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 a higher mileage allowances may be available).
  • 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.