Lease vs Buy

New Car Leasing vs Buying

Why Should You Lease a New Car?

If you like to drive newer, safer, more reliable cars, but not commit to a large down payment every 3-4 years, and also don’t travel an enormous amount of miles every year, then a new car lease should be right for you. Leasing is best for those who would prefer to bypass the hassle of buying and selling each time they want to upgrade to a new vehicle.

Why Buy a New Car?

Conversely, if you like long term relationships with a greater sense of commitment and ownership, then buying may be what’s best for you. Car-buying is typically best for consumers who will not mind driving the same vehicle for over five years or even until the vehicle is no longer suitable for the road.

Buying vs Leasing: Which Is Right for You?

Being aware of the pros, cons, and overall benefits of buying vs leasing a car, truck, or SUV is important. Be sure to examine factors like monthly payments, vehicle ownership, repair costs, and potential savings when weighing the pros and cons of the best new car, truck or SUV financing type for you.

Leasing vs Buying: Ownership

When considering vehicle financing, new vehicle ownership surely comes along with many advantages, most associated with outright ownership of the car, truck or SUV. You may not realize, however, there are also a few great advantages to leasing, as well. It’s essential to consider all financial aspects including down payment, monthly payments, term length, buyout payments, interest rate, depreciation, and maintenance & repair costs, before making a decision. A meticulous observation of your current financial situation, future needs, and your preference for commitment, will likely ensure that you make the optimal choice between leasing and buying a new car, truck, or SUV.

pros and cons of leasing vs financing a new car

Monthly Payments

Vehicle lease payments are often less expensive than car financing and loan payments as the standard lease deal is more-or-less renting with the option to buy out near the final payment of your lease term. Keep in mind when leasing that you’re going to need a healthy credit score, and will be asked to carry collision and comprehensive insurance, though the same can be said for the better rate auto loans. Although it can likely increase monthly payments, it’s also better to choose a model with the features you want or need, as personal satisfaction is often priceless.

is it better to lease or finance a car

Maintenance & Repair

Auto leasing often includes regular vehicle maintenance & repair. It’s important to remember this when calculating monthly costs of leasing vs ownership. Regardless of what make and model you select, mechanic bills are an unpredictable cost that can quickly add up. And for those of us who are not certified auto mechanics with a full toolset and hydraulic jack in the garage, leasing may be the best option for peace of mind.

lease vs buy car analysis

Investment vs Savings

In general, a new car, truck, or SUV lease saves money in the short term with more affordable monthly payments, while buying gets you a long term investment, meaning outright ownership of the value of the car or truck at the time it is traded, sold, or paid-off. For best value on a lease, avoid lease return fees for going over mileage, terminating the vehicle lease early, or putting on excessive wear and tear. For maximum investment on a purchased/financed vehicle, you can pay it off in a shorter term and also avoid excessive wear and mileage.


Lease Buy
Maintenance & Repair Costs Typically Included Not Included
Down Payment Smaller Down Payment Larger Down Payment
Monthly Payment Smaller Monthly Payments Larger Monthly Payments
Ownership No Ownership Pride of Ownership
APR % Credit-Based Credit-Based
Finance Term Approx. 2-4 Years Approx. 3-6 Years
Savings/Investment Short Term Savings Long Term Investment
Vehicle Customization Not Available Available
Pre-Owned Vehicles Not Available Available
Poor Credit Financing Not Available Available
New Vehicles Available Available


Lexus Lease and Finance Offers In Houston TX

Sterling McCall Lexus knows that choosing the right Lexus car and financing option is never easy. Our team of experienced Lexus lease and finance specialist are on hand to help you make the right choice. Visit us online, by phone, or in-person at our dealership location in Houston, TX. We look forward to serving you.


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DealerRater Jul 14, 2021

Amber was very pleasant and informative when having my car serviced for the first time. I didn’t have to wait a long time, and the waiting room was very comfortable.

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DealerRater Jun 26, 2021

I have purchased several vehicles from Sterling McCall and never had a bad experience. Most recently, I purchased a vehicle from Sterling McCall Lexus in Houston and although I ended up returning the vehicle the customer service was amazing. Ray and Hong were very nice and accommodating. Also, the young lady I worked with in Finance (regrettably I can’t remember her name) was very personable and efficient. I highly recommend all Sterling McCall dealerships.

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Cars Jun 16, 2021

Enjoyed the attention and time I had with Mr. Chris Garner. He made me feel at home with no pressure. I would recommend a friend .

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Cars Jun 16, 2021

I just bought this LEXUS in December of last year. I’ve not had experience with Sterling McCall LEXUS. I have always loved my Lexus as they are excellent cars. Raven was my service advisor and was a delight. She kept me informed as to progress and answered all my questions. She made me feel comfortable at this dealership. Raven had Adam integrate my phone and he also told me how to link the Apple functions. They were both very helpful! Great support from this Lexus Dealership!

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Cars Jun 16, 2021

After a poor experience at Mercedes as a returning customer, Sterling McCall Lexus made the deal fair and easy at the get-go. Thank you Andy in internet sales.

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Cars Jun 15, 2021

Great service, fast and friendly, my service rep was great (Juan) and listened very carefully to what I needed. Nice waiting area to wait if you need to.

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Cars Jun 10, 2021

STERLING MCCALL LEXUS SOUTHWEST IS THE BEST! A SHOUT OUT TO MY SERVICE REP FOR THE DAY MR KEVIN BAYER WHO PROVIDED THE MOST EXCEPTIONAL CUSTOMER SERVICE I HAVE EVER RECEIVED FROM THE MOMENT I DROPPED OFF MY VEHICLE UNTIL THE MOMENT I PICKED IT UP. I WAS INFORMED EVERY STEP OF THE WAY OF THE STATUS OF MY VEHICLE; IT WAS EVEN READY EARLIER THAN ANTICIPATED. MR. BAYER IS A DEFINITE ASSET TO THE LEXUS ORGANIZATION! SIMPLY THE BEST!

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Cars Jun 4, 2021

Always have a great experience with Sterling McCall dealership service. Michael Alf who is my service advisor has always been great and go above and beyond to assist me. Marcos Ruiz assisted me today and was very helpful and gave an excellent service as well.

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DealerRater Jun 1, 2021

I called Ellen Morgan (Pre-Owned Lexus) 2 weeks ahead, to help me surprise my wife with a RX350 for her birthday. Ellen was very responsive and helpful to make this happen being that I was driving almost 4 hours to surprise her with this gift. This is one of the best experiences, we have had purchasing a vehicle ! The dealership was very fair in my opinion on my trade in price and the sales price. Thank you Ellen for helping make my wife’s birthday wonderful !

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DealerRater Mar 23, 2021

The service I received from CRISTAL SOTO was unexpected and deeply appreciated Cristal was a Wealth of information that actually help me. Thanks CRISTAL SOTO

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10025 Southwest Fwy • Houston, TX 77074

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Sterling McCall Lexus 29.669721, -95.546642.