Lease or Buy? What’s Right For You?

Picking out your vehicle is a personal experience, making decisions like leasing or buying dependent on what’s best for you and your family. What works for one person might not work for you, so now is the time to do your homework and find your fit. Check out the options below, then consult with one of Holman’s sales professional to assist with further questions or concerns.


Purchasing your vehicle is an investment in the future, and gives you unlimited potential with how you utilize that car. Buying a vehicle is great for:

  • The long-hauler: People who expect to drive more than 12,000 miles a year
  • The “one and done” type: Someone who wants to buy a vehicle and commit to it for the foreseeable future
  • The investor: Someone who wants to study the equity in their car and find value in a sale later on down the road

When financing a vehicle, you may have higher monthly payments than you would a lease (though Holman’s finance centers work with you to find the bestapproval possible), you don’t have to worry about accruing charges at the end it’s life, and have an end date to your payments, based on your financing timeline.


Vehicle leasing is perfect for a person who loves flexibility. Leases are structured in 2 to 3year increments, so you don’t have to commit to any one car for too long. You might want to consider a lease if:

  • Your commute is reasonable, and you can keep your mileage below 12,000 miles a year
  • You are interested in a luxury vehicle at a moreaffordable price
  • You’re not interested in worrying about warranty or maintenance issues

Leases are set up to give customers the opportunity to upgrade their vehicle without paying the cost of ownership, and are structured in a way that they always fit into a warranty timeline, making car maintenance relatively worry-free.

Why are Lease Payments Lower?

Leases are built around the “right now,” while purchasing is built around equity, or the worth of the car. When you lease your vehicle, you pay for a portion of the car’s value and lifecycle; when the lease is up, the car goes back to the dealership, who collects on the residual, or value that remains at the end of the lease.