When you’re first getting a car you have to choose whether to buy or lease a vehicle. Leasing a car involves renting it for a set period, typically 2-3 years. Monthly payments are typically lower than buying, but the lessee doesn’t own the car and may face mileage restrictions. Contrary, buying a car involves paying for it upfront or financing it over time, with the option to sell it at any point. While monthly payments may be higher, the owner has full control over the vehicle and can customize it to their liking. If you are interested in learning a few pros and cons of buying or leasing a car, check out the resource below.
Infographic created by O’brien Toyota