---
id: faq-0006
title: "What's the difference between financing and leasing a vehicle?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlecdjrnaperville.com"
tags: ["financing", "leasing", "lease-vs-buy"]
questions:
  - "Should I lease or buy?"
  - "What's the difference between a lease and a loan?"
  - "Which option is better for me?"
related: [leasing-explained, financing-options]
dealer: Castle CDJR of Naperville
---

**Financing (buying):** You borrow money to purchase the vehicle, make monthly payments until it's paid off, then you own it. You're responsible for maintenance, repairs, and insurance. You can keep it as long as you like, customize it, and eventually sell or trade it in.

**Leasing:** You rent the vehicle for a set period (usually 2-3 years) with a mileage limit. Monthly payments are typically lower than loan payments, and repairs are covered by warranty. At lease end, you return it. You don't build equity, but you avoid long-term repair costs.

Buying suits people who keep vehicles long-term or drive high mileage. Leasing works well for those who like new cars frequently and low maintenance. Our Finance Department can explain both clearly. Call (630) 864-6683 to discuss which path fits your lifestyle.