Lease
- Drive a new vehicle more often
- Charges for excess mileage above amount agreed to in your lease agreement
- Leasing company sets maintenance guidelines
- Vehicle appearance can't be changed
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Buy
- You own the vehicle once it is paid in full
- The value of your vehicle may decline with higher mileage. No mileage limit.
- You choose what and when to repair
- You can change the appearance of the vehicle
- Payments are usually higher (compared to leasing)
- Pay for vehicle over term of the contract
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