Once you've decided which make, model and color you want, the next question you face is how to finance your car. Should you buy or lease your next vehicle? The buying vs. leasing checklist below may help you decide.

Consider buying your car if you:

  • Plan to own the vehicle for more than five years
  • Plan to continue driving the vehicle after it's paid off and you enjoy the freedom of no car payments
  • Will likely drive your vehicle more than 15,000 miles per year
  • Enjoy customizing your car or truck

Consider leasing your car if you:

  • Enjoy driving a new car every few years
  • Want a lower monthly auto payment
  • Expect your transportation needs to change within a year or two
  • Drive 15,000 miles a year or less