Lease vs finance: which is right for you?

Both options get you into a vehicle. They differ in what you own at the end and what you pay along the way.

Financing in a nutshell

You borrow the purchase price and repay it with interest over a set term. When the loan is paid off, the vehicle is yours.

• Higher monthly payments than leasing
• No kilometre limits
• You build equity you can use as a trade-in

Leasing in a nutshell

You pay for the part of the vehicle's value you use during the term, plus fees.

• Lower monthly payments
• Kilometre allowances with charges for going over
• You hand the vehicle back or buy it out at the end

A simple way to decide

Choose financing if you drive a lot, keep cars for many years or want the freedom to modify. Consider leasing if you like a newer vehicle every few years and drive predictable distances.

Not sure?

Our team can run both scenarios on the same vehicle and show the total cost side by side. Send us a message and we will do the maths with you.