Minneapolis-based U.S. Bancorp is the 5th largest commercial bank in the United States. We operate 3,091 banking offices, 4,838 ATMs in 25 states, and provide a comprehensive line of banking, brokerage, insurance, investment, mortgage, trust and payment services products to consumers, businesses and institutions.

Leasing vs Buying

There are several things to consider when deciding between buying or leasing your next car. Questions like how often you want a new car, how much you actually drive, and whether or not you use your car for business. Here is a quick rundown of the benefits and considerations:


Low Down Payments – The more cash you come up with initially, the lower your monthly payments. A lot of advertised lease deals assume a down payment, but you can often get the dealer to limit it just by asking.

Low Monthly Payments – With a lease, you are only paying off the depreciation on the car, so your monthly payments will be much lower than if you opt to finance the purchase over the same period of time.

Easy Turnover – Assuming your car is in good shape at the end of your lease, you just hand over the keys and choose a brand new car with a new lease arrangement. You don't have to sell the car or haggle over trade-in value.


No Equity – Similar to paying rent on an apartment, your lease payments don't go toward ownership.

Lack of Flexibility – If you want to end your lease before the full term, you will incur an early termination penalty. Early termination could cost up to 2.5 months’ worth of payments.

Mileage Cap and Damages – Typically, a lease agreement grants 10k to 15k miles per year—and most leases charge an extra 25 cents for each mile over the limit. You also pay for any damage to the car beyond minor wear and use when you turn it in.

Contact Us
Get in touch with a consumer vehicle loan specialist at 800-US BANKS or contact your local dealership for more details on U.S. Bank vehicle.

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