Leases and loans; one is getting finance to use a vehicle; the other is getting finance to buy a vehicle. Neither method is without its drawbacks and benefits. Customers should weigh both options and make a decision on what's best for them.
Leasing should be considered for those who want to have a new car but don't intend to drive it regularly. If you're not interested in committing to driving a new vehicle for more than two or three years, drive less than 12,000 miles per year, and dislike paying for repairs, leasing is a good option.
However, if you're in need of a new car for work, school, or daily living, buying is your best bet.
At the end of the day, it all depends on your lifestyle and needs. Try our calculator below to see which of the two options is likely the best option for you.