Skip nav to main content.

Pros and cons of leasing vs. buying a car

There are cost differences associated with leasing vs. buying a car, and these will be influenced by the term of a loan or a lease, how much money you put down, the interest rate you qualify for, and the value of the car. Buying a car gives you the freedom to drive unlimited miles and eventually own the car. Leasing is a great option for people who prefer to drive a new car every few years and don’t mind a mileage limitation.