What's the Difference Between Lease and Finance?

– Ownership – Leasing means you rent the car; financing means you own it after paying off the loan.

– Monthly Payments – Lease payments are usually lower than loan payments because you're only paying for depreciation.

– End of Term – At the end of a lease, you return the car or buy it; with financing, you keep it.

– Mileage Limits – Leases have mileage restrictions, while financed cars have no limits.

– Customization – Leased cars must stay as they are; financed cars can be modified.

– Long-Term Cost – Leasing may cost more over time, while financing builds equity.

Best for Short-Term vs. Long-Term – Leasing suits those who want a new car often; financing is better for long-term savings.