---
id: faq-0099
title: "What's the difference between leasing and buying a car?"
category: faq
subtopic: leasing
page_type: faq
source_url: "https://www.castlechevynorth.com"
tags: ["leasing", "financing", "ownership"]
questions:
  - "Should I lease or buy?"
  - "What's the advantage of leasing over buying?"
  - "How is leasing different from owning?"
related: [lease-mileage-limits, lease-wear-tear, lease-vs-purchase-costs]
dealer: Castle Chevrolet North
---

Leasing is essentially a long-term rental: you drive a newer car for a fixed term (usually 2-3 years), make monthly payments, and return it when the lease ends. Buying means you own the vehicle outright or finance it over time, building equity and keeping it as long as you want.

Leasing typically offers lower monthly payments, no major repair costs (warranty covers it), and you always drive a current model with latest tech and safety features. Buying gives you unlimited mileage, no mileage overage fees, and freedom to customize or keep the car indefinitely.

Our Finance team at Castle Chevrolet North can walk you through both options and help you find the right fit for your lifestyle. Call **(847) 439-0900** to discuss lease and purchase terms tailored to you.