Lease or Buy?

Choosing between financing and leasing requires access to the right information to help you make the best choice. Our auto financing specialists at Cambridge Kia can help you make this choice by answering your questions and offering you more information on the differences between financing and leasing.

In the meantime, here are some differences between the two buying options.

What Are the Advantages of Financing?

When financing a new vehicle, you do not have to worry about how many kilometres you drive every year. There are no restrictions. You also usually get better interest rates and if you have enough cash down to put on the vehicle, financing will usually be the better option. Moreover, if you plan on keeping your vehicle after you are done paying for it, financing is usually best.

What Are the Advantages of Leasing?

Leasing tends to be more affordable from a monthly payment standpoint. That means you can get a vehicle with more equipment or a more luxurious vehicle for the same monthly budget. It’s also good if you want to replace your vehicle after three or four years.

Contact us today to find out more about our financing and leasing offers!