---
id: faq-0056
title: "What's the difference between buying and leasing a vehicle?"
category: faq
subtopic: buying-process-and-test-drive
page_type: faq
source_url: "https://www.castlecdjrchesterton.com"
tags: ["lease", "buy", "financing-decision"]
questions:
  - "Should I lease or buy?"
  - "What's the difference between leasing and purchasing?"
  - "Is leasing right for me?"
related: [financing-explained, warranty-coverage, mileage-limits]
dealer: Castle CDJR of Chesterton
---

Good question! **Buying** means you own the vehicle outright (after paying it off). You keep it as long as you want, customize it, and have no mileage limits. You handle all maintenance and repairs after warranty expires. **Leasing** is like a long-term rental-you drive a newer car for 2-3 years, then return it. Lease payments are typically lower, warranty covers everything, and there's no trade-in hassle. The tradeoff: mileage limits and wear-and-tear charges apply. Leasing works great if you like new cars, lower monthly costs, and predictability. Buying is better if you drive a lot, want flexibility, or plan to keep the vehicle long-term. Our Finance Department at Castle CDJR can review both paths with you and help you decide what fits your lifestyle and budget best. Call (219) 250-9487 to explore both!