Buying vs. Leasing A Car | CarFam
You're more likely to buy
- When you lease a car, you are typically capped at 15,000 miles a year. Additional mileage can cost you up to 35 cents per mile. And that can really add up.
- If you like to personalize a car, this investment can be lost on a leased car.
- If you like the idea of ownership, you are less likely to be happy with the lease option.
- If you like the feeling of accomplishment that paying off a large purchase brings and should consider that when you lease a car, the payment ends only when you return the car.
- If the car you presently own is over 3 years old you are more likely a buyer. While not always true, you can usually drive for less if you're willing to buy and drive for at least 3 years.
- If you don't mind doing your own car repairs, you probably don't mind driving a car after the warranty expires.
You're more likely to lease
- Lease arrangements usually involve a 15,000 miles-per-year cap and charge for extra miles. If you drive very little, you may be a candidate for a luxury lease.
- When you negotiate a 24 or 36-month lease, you can be sure you'll always be driving a new vehicle.
- Although you need to maintain and repair your leased vehicle just as you would an owned vehicle, because you typically lease for 2 to 3 years, the car is normally under warranty.
- Many people prefer to drive a vehicle that is priced above their means and leasing provides the solution.
- If you don't mind not owning the car, you are free to enjoy the benefits of leasing like low monthly payments and a low down payment.
- If you own the company, and you use your car for business, check with your tax advisor. You may be able to deduct your auto expenses, including your monthly lease payment. And if the company you work for gives you a monthly car allowance, you may want to lease since you'll be able to drive a nicer car for a lower monthly payment. To see the results for a person more likely to buy, Click here.
No Vehicle Results Found
We’re sorry — but there are no vehicles in our inventory matching your search criteria.
What could have caused this?
- The vehicle may have been recently sold or removed from our inventory.
- The search criteria you are using may be too specific.
- You might have accidentally typed the wrong information in the keyword search.
What you can do?
- Try broadening your search criteria.
- You can start a new search inventory.
- You can contact us to find what you’re looking for.
One more thing:
We refresh our inventory multiple times throughout the day. Please visit us again soon and try searching again. You may also contact us and let us know what vehicle you are searching for and we can look for you.
We Welcome Your Feedback and Comments
Do you have questions or comments for us? We'd love to hear them! Fill out the form and we will get back to you as soon as possible.
If you need help with any aspect of the buying process, please don't hesitate to ask us. Our customer service representatives will be happy to assist you in any way. Whether through email, phone or in person, we're here to help you get the customer service you deserve.