When it comes to getting behind the wheel of a new car, should you lease or finance? In this guide, we break down the core differences so you can make the most informed choice for your lifestyle and budget.
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Leasing is a fixed-term contract where you pay monthly to use a car for a set period, usually between 2 to 5 years. Once the term ends, the car is returned, and you can lease a new one.
Great for:
Lower monthly payments
No long-term ownership hassles
Access to newer models every few years
Explore our monthly lease guide for full details.
Financing means you’re paying monthly instalments to eventually own the vehicle. It’s a long-term option with higher upfront and monthly costs compared to leasing.
Ideal for:
Those who prefer vehicle ownership
Drivers who want to keep the same vehicle for a long time
| Feature | Leasing | Financing |
|---|---|---|
| Ownership | No | Yes |
| Monthly Payments | Lower | Higher |
| Maintenance Coverage | Often Included | Typically Not Included |
| Upfront Cost | Low Deposit | Higher Deposit |
| End of Term | Return Vehicle | Own Vehicle |
If flexibility, cost-effectiveness, and hassle-free driving appeal to you, leasing may be your best option. For those who want long-term ownership and customisation, financing may be better suited.
Our experts are here to help. Whether you're comparing options or ready to sign a contract, Check our selection to begin or view our current offers to make your decision easier.
Need help deciding? Learn more with our intro guide to vehicle plans or explore all your options of car leasing.