---
id: faq-0003
title: "What's the difference between leasing and buying a car?"
category: faq
subtopic: financing
page_type: faq
source_url: "https://www.castlesubarumchenry.com"
tags: ["finance", "lease", "buy", "ownership"]
questions:
  - "Should I lease or buy?"
  - "What's better: leasing or financing?"
  - "What are the pros of leasing vs. buying?"
related: [lease-terms-explained, monthly-payment-estimate, warranty-coverage]
dealer: Castle Subaru McHenry
---

**Buying** means you own the vehicle after paying off the loan. You build equity, can customize it, keep it as long as you want, and have no mileage limits. You pay for all maintenance and repairs after the warranty ends.

**Leasing** is like a long-term rental: you pay a monthly fee to drive a new car for 2-4 years, then return it. Leases include warranty coverage and maintenance, but you can't exceed mileage limits and there are wear-and-tear rules.

Buying suits drivers who keep cars long-term and want no restrictions. Leasing works for those who like new vehicles, lower monthly costs, and warranty peace of mind. Castle Subaru McHenry's Finance team can walk you through both paths. **Call (779) 601-0797** to explore what fits your lifestyle.