---
id: faq-0006
title: "What's the difference between leasing and buying a car?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlechevycars.com"
tags: ["financing", "lease", "purchase"]
questions:
  - "Should I lease or buy?"
  - "What does leasing mean?"
  - "Is it better to lease or finance?"
related: [lease-vs-buy, finance-rates]
dealer: Castle Chevrolet of Villa Park
---

**Leasing** means paying a monthly fee to drive a new car for a fixed period (usually 2-3 years). You return it at the end; no ownership. Lower monthly payments, warranty coverage, and access to the latest models are big perks.

**Buying** means financing or paying cash for a vehicle you own outright. Higher monthly payments initially, but you build equity, keep the car as long as you want, and there's no mileage limit.

Choose leasing if you love driving new cars with minimal maintenance. Choose buying if you plan to keep a car long-term or drive high mileage. Castle Chevrolet's Finance team can run the numbers both ways and show you which makes more sense for your lifestyle and budget.

Call **(630) 279-5200** to explore both options.