- Parts & Service
Financing vs Leasing
Make an informed decision when choosing between leasing and financing a vehicle. Leasing offers lower payments and always under warranty, while financing is better for long-term ownership and customization.
Generally speaking, leasing is better for individuals who would like to drive a new vehicle every two or three years. Payments are lower and your vehicle is always under warranty. People looking to lease should have an average number of miles to drive and be okay with regular vehicle maintenance.
Financing is usually a better fit for individuals who want to keep their vehicle for a long time. They have the freedom to customize their car and will enjoy being payment-free after the loan is repaid. Finance payments will be higher than lease payments, but feel free put more miles on your vehicle.
Whether you want to finance or lease your next vehicle, our team of finance managers can help you find the best option available for you. Call 250-832-2101 and ask to speak to a finance manager.