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Should I lease or buy ?

Discover the financing option that's right for you


When it comes to leasing or buying, you have the freedom to choose. We put together some information to help you determine the best financing option for you and your lifestyle.

Already know which financing option you want? Save time at the dealership by filling out an online credit application.

If you are currently on active duty, please see our SCRA page for more information.

Should I lease or buy? Discover the financing option that's right for you.

Lease or Buy Comparison

Leasing

Buying

Gives you the freedom to:

 

Gives you the freedom to:

Experience “new” more often

Many contracts to buy a vehicle can last from 4-7 years, but lease contracts typically run only 2-3 years. Get access to the newest in technology, styling and performance more often.

 

Apply your personal touch

If you’re the type who needs to put your own personal stamp on your vehicle with cosmetic alterations, then buying might be your best route. Make sure to check your contract before making any modifications.

Pay for the best miles

By getting a monthly payment that is in tune with how much you drive, you’re paying for mileage in the best part of the vehicle’s life: when it’s still new and usually under warranty. Remember to always mind your lease mileage limit.

 

Drive without limits

Mileage limits of varying levels exist on all leases. Some drivers don’t worry about keeping track of how far they travel. For those drivers, buying might make more sense.

Potentially save money

Because you’re only paying to drive a leased vehicle for a fixed period of time, the payments are typically lower than with buying. Have your dealer walk you through the cost difference.

 

Worry less about wear and use

Depending on your lease agreement, you may need to make repairs if you have excess wear and use. If you’re buying your vehicle, many repairs are optional.

Worry less about depreciation

There is some truth to the old adage that a vehicle decreases in value as soon as it leaves the lot. If you lease and drive to the end of your agreement, you can enjoy driving without worrying about the decrease in value.

 

Build equity

Building equity and eventually owning a vehicle outright are part of the financial plan for many drivers. Once you cross the finish line of your contract, you’re able to cruise payment free or trade it in.

This information is for general information purposes only. For specific limitations, rules and restrictions on any specific financing, contact your dealer.
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I Want To Lease

The flexibility of leasing fits many drivers. Find out if leasing is your best choice.

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I Want To Buy

Ready to buy a new GM vehicle? Learn what to do next.

Car Shopping Resources

Tools to make your purchase quick and hassle-free.


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Dealer Locator

GM has a network of dealerships to support you nationwide. Find a GM dealer in your area with our dealer locator.

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Locate a GM Vehicle

Looking for a specific car, truck or SUV? Browse GM’s expansive inventory to find the perfect vehicle for you.

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Rebates & Incentives

Want in on the latest financing deals? Save money by taking advantage of GM specials in your area.

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Extended Protection

Extended protection plans can provide convenience and comfort while enhancing your ownership experience.

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Financing

GM Financial works directly with dealerships to make applying for credit easy when you’re ready to buy or lease.

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Vehicle Comparison

Can’t decide? Use these tools to compare GM vehicles or compare other vehicles to the latest GM models.

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