---
id: faq-0106
title: "What's the difference between leasing and buying?"
category: faq
subtopic: leasing
page_type: faq
source_url: "https://www.castlecadillacmchenry.com"
tags: ["leasing", "buying", "ownership"]
questions:
  - "Should I lease or buy?"
  - "What's the difference between a lease and a purchase?"
  - "Is leasing better than buying?"
related: [lease-benefits, buying-vs-leasing]
dealer: Castle Cadillac McHenry
---

**Leasing:** You make monthly payments for 2-3 years, drive a new car with warranty coverage and minimal maintenance, then return it. No ownership, no long-term commitment, always have the latest tech. **Buying:** You own the vehicle outright after paying it off, keep it as long as you want, and build equity. You pay for repairs after warranty expires and manage depreciation. Leasing suits drivers who want predictability and new cars; buying suits those who drive high mileage or want long-term ownership. **Explore both options with us.** Call (779) 265-4427 to discuss lease and purchase programs, or visit https://www.castlecadillacmchenry.com to see current offers.