Lease vs Buy a Car: Which Is Right for You?
The short answer: buying builds ownership and gives you freedom to keep, modify or sell the vehicle; leasing generally means paying to use the vehicle for a set term and mileage allowance, then returning it or choosing another option. Which costs less over time depends on the vehicle, the terms and how long you keep it.
Lease vs Buy at a Glance
| Factor | Buying | Leasing |
|---|---|---|
| Ownership | You own it after the loan is repaid | You return it, buy it or move to another vehicle at lease end, per your contract |
| Mileage | No limit | Annual allowance; extra miles can cost more |
| Customization | Freedom to modify | Modifications are typically restricted |
| Wear and tear | Affects resale value | Excess wear can be charged at return |
| Monthly cost | Often higher for the same vehicle | Often lower, with no ownership at the end |
| Flexibility | Keep as long as you like | Early termination can be costly |
Who Tends to Prefer Each
People who drive many miles, keep vehicles for years or want to customize often prefer buying. People who like to change vehicles on a regular schedule, drive a predictable number of miles and want the latest technology often consider leasing.
Questions to Ask Before You Choose
How many miles do you drive per year? How long do you usually keep a vehicle? What is due at signing? What are the mileage and wear charges? What are your end-of-term options? Ask for any lease terms in writing and review them before signing.
Next Steps
Read how auto financing works, check current vehicle specials and then search new inventory. Offers and incentives change; confirm current terms with the dealership.
Keep Researching
Shop at the Right Dial Location
Dial Auto Group has five Chicago dealerships. Each brand is sold at specific stores, so start with the store that carries the vehicle you want.
| Dealership | Brands | Address | Shop |
|---|---|---|---|
| Dial Chevy of Chicago | Chevrolet | 6603 S Western Ave, Chicago, IL 60636 | New | Used |
| Dial Nissan of Chicago | Nissan | 7410 S Western Ave, Chicago, IL 60636 | New | Used |
| INFINITI of Chicago | INFINITI | 2711 S State St, Chicago, IL 60616 | New | Used |
| Dial Chrysler Dodge Jeep Ram of Chicago | Chrysler, Dodge, Jeep, Ram | 7340 S Western Ave, Chicago, IL 60636 | New | Used |
| Jeep of Chicago | Jeep | 5950 N Western Ave, Chicago, IL 60659 | New | Used |
See all Dial Auto Group locations or search new and used inventory across the group.
Last reviewed October 2026 by Dial Auto Group. This guide is general information, not financial or legal advice. Vehicle features, availability and pricing vary by model and dealership; confirm details with the store.