Should you buy or lease a vehicle?
Is it better to buy a new vehicle or lease it? Wondering if you can save money by financing your next car through a credit union? Enter vehicle purchase information and lease information. Compare the amounts to determine which is the better value for you.
What is the difference between buying and leasing a car?
- Buying: When you buy a car, you take out an auto loan and make monthly payments until the vehicle is yours. Once you finish paying off the loan, you own the vehicle and can keep it as long as you want. This is often a better option if you plan to keep the car for many years.
- Leasing: Leasing is like renting a car for a set period. You make monthly payments, but at the end of the lease term, you return the vehicle to the dealership. Leasing often has lower monthly payments compared to buying, which can make it more attractive if you prefer to drive a new car every few years. However, you may end up paying more over time when you lease vehicles instead of purchasing one.
While Landmark doesn’t currently offer lease financing, we understand that leasing may be the right option for you. To explore leasing options, connect with one of our trusted local dealers for more information. Use our convenient Dealer Locator Tool to find a dealer near you and discover the best leasing opportunities in your area.