---
id: faq-0002
title: "What's the difference between buying and leasing a car?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlechevymchenry.com"
tags: ["financing", "lease", "buy", "ownership"]
questions:
  - "Should I lease or buy?"
  - "What are the pros of leasing vs. buying?"
  - "Is leasing cheaper than financing?"
related: [lease-terms, monthly-payments, car-ownership]
dealer: Castle Chevrolet McHenry
---

**Buying** means you own the vehicle, build equity, and keep it as long as you want-but you handle maintenance and depreciation.

**Leasing** means you rent for a fixed term (usually 2-3 years), enjoy low monthly payments and warranty coverage, and return it at lease end. You're not responsible for major repairs, and you can drive a new car frequently.

Both have financial trade-offs. Leasing suits those who like new cars and low commitment; buying suits those who drive high mileage or want long-term ownership.

Our finance team at Castle Chevrolet McHenry can compare both paths for your budget and lifestyle. **Call (779) 600-2956** to discuss which makes sense for you.