---
id: faq-0052
title: "What's the difference between buying and leasing a Chevrolet?"
category: faq
subtopic: buying-process-and-test-drive
page_type: faq
source_url: "https://www.castlechevynorth.com"
tags: ["lease", "purchase", "financing"]
questions:
  - "Should I buy or lease?"
  - "What are the benefits of leasing vs. buying?"
  - "How does a lease work compared to ownership?"
related: [financing-options, lease-terms]
dealer: Castle Chevrolet North
---

Buying means you own the vehicle outright after paying it off-great if you want long-term value and unlimited mileage. Leasing is like renting: you pay a monthly fee for a set mileage and term (typically 2-4 years), then return the car. Leasing often means lower monthly payments, no major repair costs, and a new car every few years. Buying builds equity and offers freedom to customize and keep your vehicle as long as you want. Both have tax and insurance benefits depending on your situation. Our Finance team at Castle Chevrolet North can walk you through both paths and help you find the right option for your lifestyle and budget. Call (847) 439-0900 to discuss your preferences!