---
id: faq-0006
title: "What's the difference between leasing and buying with a loan?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlecdjrchesterton.com"
tags: ["financing", "leasing", "purchase"]
questions:
  - "Should I lease or buy?"
  - "What's the difference between a lease and a loan?"
  - "Is leasing better than financing?"
related: [faq-lease-terms, faq-financing-options]
dealer: Castle CDJR of Chesterton
---

**Buying with a loan:** You own the vehicle, build equity with each payment, and keep it as long as you want. Once the loan is paid off, you have a fully-owned asset. Ownership means maintenance costs are your responsibility.

**Leasing:** You're renting the vehicle for a set time (usually 2-3 years), making monthly payments for the use. At lease end, you return it. Leases often include maintenance and warranty coverage, and there's no ownership or long-term commitment.

Buying works great if you want to keep your car long-term; leasing suits those who like a new car every few years. **Call (219) 250-9487** to explore both options and see which fits your lifestyle and budget.