Lease or Buy a Vehicle


Which option suits your finances and driving habits?

The answer depends on a number of factors, such as the residual value of the car you intend to purchase, the amount of your down payment, and the cost of financing. A lease will usually be a more attractive option when compared to a vehicle purchase and measured over a comparable term. But keep in mind that with a lease, you will have to return the vehicle at the end of the lease term and there are strict rules about how many miles you can drive and other related restrictions. If you buy, you will own the vehicle and can use it however you wish.

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