Buying and leasing structure vehicle costs differently. When you purchase a vehicle, you pay for the vehicle and can build ownership equity as you pay down any financing. With a lease, you generally pay for the portion of the vehicle you use during the lease term and must follow the terms of the lease agreement.
The right option can depend on factors such as how long you plan to keep your vehicle, how much you drive, your preferred payment structure and your long-term ownership goals.
Explore our buy vs. lease guide for additional information.