Leasing vs. Buying

Leasing vs. Buying… Compare the Actual Costs

You may have heard claims that leasing a vehicle is less expensive than buying, but there are a few important things to be aware of before deciding to lease a vehicle:

• Leasing may appear cheaper on the front end, but is often more expensive with added penalties and fees
• Leasing may appear cheaper than buying a brand new vehicle, but has a tough time beating the cost of purchasing nearly new
• Edmunds reports that new cars can lose up to 40% of their value in the first two years alone! That’s why you’ll rarely build equity when leasing a vehicle

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