---
id: faq-0104
title: "What's the difference between leasing and buying a car?"
category: faq
subtopic: leasing
page_type: faq
source_url: "https://www.castlekiamchenry.com"
tags: ["leasing", "financing", "purchase-vs-lease"]
questions:
  - "Should I lease or buy?"
  - "What's the difference between a lease and a purchase?"
  - "Is leasing cheaper than buying?"
related: [lease-mileage, lease-wear-tear, lease-end-options]
dealer: Castle Kia McHenry
---

Leasing is like a long-term rental-you drive a newer car for 2-3 years, then return it. You make monthly payments but don't own the vehicle. Buying means you own the car outright (or finance it) and keep it as long as you want. **Leasing pros:** lower monthly costs, warranty coverage included, always drive something new. **Buying pros:** no mileage limits, build equity, customize freely, keep it forever. Castle Kia McHenry's Finance team can walk you through both paths and show you current lease offers on popular models like the EV3, Sportage, and Telluride. Give us a call at (815) 453-8566 to explore what works best for your lifestyle.