Finance vs. lease:
Which is better?
What are your goals? We all have different priorities - in cars, life, and finances. When deciding on financing vs. leasing, what's right for one person can be totally wrong for another.
We have a team of amazing finance experts who’ll help you find the best option for your budget and lifestyle.
Financing
If you prefer to own your vehicle outright, and plan to own it for the long term, then financing will be your best option.
You Want
- To build up trade-in or resale value (equity)
- The feeling of being payment-free after paying off your loan
- The freedom to customize your car.
You Don’t Mind
- Selling or trading in your vehicle
- Unexpected repair costs after the warranty has expired.
You Have
- A stable, predictable lifestyle
- The need to drive more-than-average kilometres each year.
Leasing
Leasing usually offers lower monthly payments than financing. It has the benefit of owning a new car every two or three years.
You Want
- To drive a new car every two or three years
- Possibly lower monthly payments
- The latest safety features and a car always under warranty.
You Don't Mind
- Changing vehicles every few years
- Being limited to a set number of kilometres each year.
You Have
- A lifestyle that may change or a move in the next couple of years
- No problem taking really good care of the lease vehicle.
Leasing from a Go Auto Outlet dealer
We make leasing affordable and easy.
A few things influence your monthly lease payments, including:
- Lease charges
- The value of the vehicle
- Any down payment you make
- Interest rates
- Taxes and fees
- The anticipated depreciation of the vehicle
