New Car Leasing vs Buying

Lease vs Buy

Why Should You Lease a New Car?

If you prefer to drive newer, safer, more reliable vehicles, but not pay a sizeable down payment every few years, and also don’t travel an excessive amount annually, then a new car lease may be right for you. Leasing is ideal for those who would prefer to avert the annoyance of selling and buying each time they want to get into a new car.

Why Should You Buy a New Car?

On the other hand, if you prefer long term automotive relationships with a higher sense of ownership and commitment, then buying may be what’s better for you. Car-buying is typically best for people who do not mind driving the same car for over five years or even until it is no longer suitable for the freeway.

Lease vs Buy: Which Is Right for You?

Knowing the pros, cons, and overall benefits of leasing vs buying a car, truck, or SUV is critical. Be sure to contemplate monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new car or truck financing type for you.

Leasing vs Buying: Ownership

When weighing the value of vehicle financing, new car ownership certainly comes with many advantages, most associated with outright ownership of the car, truck or SUV. You may not be aware, but, there are also a few nice advantages to leasing, as well. It’s essential to consider all financial aspects including monthly payments, down payment, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A thorough study of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the best choice between leasing and buying a new car or truck.

leasing vs buying a new car benefits

Monthly Payments

Car, truck, or SUV lease payments are often less expensive compared to car financing and loan payments as the normal lease format is pretty much renting with the option to purchase at the final payment of your lease term. Remember when leasing that you’re going to need a healthy credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the better rate auto loans. Though it may add to your monthly payments, it is also better to get a model with the features you need or want, as personal satisfaction is often priceless.

more expensive to buy or lease a new car

Maintenance & Repair

Auto leases often include regular vehicle maintenance & repair. It is important to remember this when calculating monthly costs of leasing vs ownership. No matter which make and model you buy, mechanic bills are an unpredictable cost that can quickly add up. And for those of us who are not certified auto mechanics with a full toolset and hydraulic jack in the garage, leasing might be the best option for peace of mind.

lease vs finance car analysis

Savings vs Investment

In general, a new car lease saves money in the short term with more affordable monthly payments, while buying earns you a long term investment, meaning absolute ownership of the value of the car at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a financed/purchased vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
Ownership No Ownership Pride of Ownership
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Maintenance & Repair Costs Typically Included Not Included
Savings/Investment Short Term Savings Long Term Investment
Finance Term Approx. 2-4 Years Approx. 3-6 Years
APR % Credit-Based Credit-Based
New Vehicles Available Available
Pre-Owned Vehicles Not Available Available
Vehicle Customization Not Available Available
Poor Credit Financing Not Available Available


Kia Lease and Finance Offers Near Houston TX

Beck & Masten Kia knows that choosing the right Kia car and financing option is never easy. Our team of experienced Kia lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location near Houston, TX. We look forward to serving you.


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Google Sep 24, 2020

They Really work with you to get you in a car. Don is the greatest & will really be honest with you.

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Google Sep 21, 2020

Great job as always Roy & Joan...if you want service done fast and thr right way. Go to either of these 2 ..... they not only get the job done but in a timely manner and returns my car cleaned....Thank you again Roy & Matt at service department at Tomball Kia for taken such good care of me and in such a fast manor with very little cost .. The service department are all awesome at this location. I greatly appreciate you all.Carla Graham KazmierskiJoshua 1:9Thanks to you bothCarla Graham

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Google Sep 16, 2020

Omg!!! I can’t even put into words how AMAZING everyone was!!! Truly above and beyond in their customer service Salesman Kevin P and Manager Matt T were phenomenal! Definitely have a customer for life!

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Google Sep 16, 2020

Kevin P is one awesome sales man just great service all the way around manager Matt T also amazing definitely recommend!!!!

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