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What is the difference between financing the purchase of a vehicle vs. a lease?

April 26, 2017financing lease purchase vehicle vs

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What is the difference between financing the purchase of a vehicle vs. a lease?

2 Answers

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A. With a vehicle purchase, the vehicle title is in your name and your monthly payments count toward the purchase of the vehicle, so once it is paid off, it is yours. There are no mileage restrictions, and you are free to accessorize and customize the vehicle to your preferences. In addition, you have the opportunity to trade the vehicle at anytime vs. the fixed term of a lease.

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Posted

. With a vehicle purchase, the vehicle title is in your name and your monthly payments count toward the purchase of the vehicle, so once it is paid off, it is yours. There are no mileage restrictions, and you are free to accessorize and customize the vehicle to your preferences. In addition, you have the opportunity to trade the vehicle at anytime vs. the fixed term of a lease.