---
id: faq-0102
title: "What is the difference between leasing and buying a car?"
category: faq
subtopic: leasing
page_type: faq
source_url: "https://www.castlechevymchenry.com"
tags: ["leasing", "faq", "buying-vs-leasing"]
questions:
  - "What's the difference between leasing and owning?"
  - "Should I lease or buy?"
  - "How is leasing different from purchasing?"
related: [lease-mileage-limits, lease-wear-and-tear, lease-payment-factors]
dealer: Castle Chevrolet McHenry
---

Leasing is like renting a car for a set period-typically 2-3 years-while buying means you own it outright or finance it with the goal of full ownership. With a lease, you make monthly payments for the right to drive the vehicle, then return it at the end. With a purchase, your payments build equity, and the car is yours to keep, modify, and drive as long as you wish.

**Key leasing perks:** lower monthly costs, built-in warranty coverage, no resale hassle, and the latest models with new technology. **Key buying perks:** unlimited mileage, no wear-and-tear restrictions, and long-term ownership value.

Both options work great depending on your lifestyle. Castle Chevrolet McHenry's finance team can walk you through both paths and help you choose what fits your needs. Call **(779) 600-2956** to chat with them, or visit to explore current lease offers.