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Home / Research / Leasing vs Buying a Vehicle | Washington DC
Front driver angle of a blue 2020 GMC Sierra 1500

Leasing vs Buying a Vehicle | Washington DC

Shopping around for a new vehicle? One of the biggest decisions customers must make is whether they would rather lease or purchase their next vehicle. Each option has its own benefits and would benefit some drivers other others. Which is right for you? If you are stuck trying to answer this question and are interested in getting a new vehicle near Washington DC, continue reading to explore our leasing vs buying comparison.

View Our New Vehicle Inventory
2022 Nissan Versa 1.6 SV
2022 Nissan Versa 1.6 SV
$20,435
Details Save Saved
2022 Subaru Impreza Base
2022 Subaru Impreza Base
$22,295
Details Save Saved
2022 Nissan Kicks S
2022 Nissan Kicks S
$22,795
Details Save Saved
2022 Ford EcoSport S
2022 Ford EcoSport S
$23,430
Details Save Saved
2022 Nissan Sentra SR
2022 Nissan Sentra SR
$24,080
Details Save Saved
2022 Honda Civic Sport
2022 Honda Civic Sport
$25,045
Details Save Saved
2021 Ford EcoSport SE
2021 Ford EcoSport SE
$25,450
Details Save Saved
2022 Buick Encore Preferred
2022 Buick Encore Preferred
$25,995
Details Save Saved
2022 Honda HR-V EX
2022 Honda HR-V EX
$26,295
Details Save Saved
2022 Toyota Corolla Hatchback SE
2022 Toyota Corolla Hatchback SE
$26,312
Details Save Saved
2021 Volkswagen Jetta R-Line
2021 Volkswagen Jetta R-Line
$26,510
Details Save Saved
2022 Volkswagen Jetta 1.5T SE
2022 Volkswagen Jetta 1.5T SE
$26,715
Details Save Saved
2022 Toyota Corolla Hybrid LE
2022 Toyota Corolla Hybrid LE
$26,782
Details Save Saved
2022 Subaru Crosstrek Premium
2022 Subaru Crosstrek Premium
$27,308
Details Save Saved
2022 Toyota C-HR XLE
2022 Toyota C-HR XLE
$27,438
Details Save Saved
2022 Hyundai Elantra Limited
2022 Hyundai Elantra Limited
$27,530
Details Save Saved
2022 Nissan Rogue Sport S
2022 Nissan Rogue Sport S
$27,555
Details Save Saved
2022 Nissan Altima 2.5 SR
2022 Nissan Altima 2.5 SR
$27,579
Details Save Saved
2022 Volkswagen Tiguan 2.0T S
2022 Volkswagen Tiguan 2.0T S
$28,315
Details Save Saved
2022 Hyundai Tucson SEL FWD
2022 Hyundai Tucson SEL FWD
$29,175
Details Save Saved
2022 Buick Encore GX Select
2022 Buick Encore GX Select
$29,207
Details Save Saved
2022 Volkswagen Taos 1.5T SE
2022 Volkswagen Taos 1.5T SE
$30,360
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2022 Toyota Prius Prime LE
2022 Toyota Prius Prime LE
$30,503
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2022 GMC Terrain SLE
2022 GMC Terrain SLE
$30,512
Details Save Saved
2022 Hyundai Santa Fe SE AWD
2022 Hyundai Santa Fe SE AWD
$30,855
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2022 Honda Insight Touring
2022 Honda Insight Touring
$30,885
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2022 Ford Maverick XL
2022 Ford Maverick XL
$31,735
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2022 Mazda CX-30 2.5 S Premium Package
2022 Mazda CX-30 2.5 S Premium Package
$31,938
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2022 Ford Bronco Sport Big Bend
2022 Ford Bronco Sport Big Bend
$32,155
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2022 Honda Accord Hybrid Sport
2022 Honda Accord Hybrid Sport
$32,165
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2022 Toyota Prius XLE AWD-e
2022 Toyota Prius XLE AWD-e
$32,458
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2022 Subaru WRX Premium
2022 Subaru WRX Premium
$33,733
Details Save Saved
2022 Ford E-350SD Base
2022 Ford E-350SD Base
$33,809
Details Save Saved
2022 Volkswagen Jetta GLI 2.0T Autobahn
2022 Volkswagen Jetta GLI 2.0T Autobahn
$33,815
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2022 Mazda MX-5 Miata Grand Touring
2022 Mazda MX-5 Miata Grand Touring
$34,325
Details Save Saved
2022 Honda Accord Sport 2.0T
2022 Honda Accord Sport 2.0T
$34,670
Details Save Saved
2022 Mazda CX-5 2.5 S Premium Plus Package
2022 Mazda CX-5 2.5 S Premium Plus Package
$34,862
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2022 Subaru Forester Limited
2022 Subaru Forester Limited
$34,945
Details Save Saved
2022 Honda CR-V EX-L
2022 Honda CR-V EX-L
$35,040
Details Save Saved
2022 Toyota Venza LE
2022 Toyota Venza LE
$35,809
Details Save Saved
2022 Toyota GR86 Premium
2022 Toyota GR86 Premium
$35,823
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2022 Nissan Murano S
2022 Nissan Murano S
$36,420
Details Save Saved
2022 Mazda Miata RF Grand Touring
2022 Mazda Miata RF Grand Touring
$36,730
Details Save Saved
2022 Toyota Camry Hybrid XSE
2022 Toyota Camry Hybrid XSE
$36,906
Details Save Saved
2021 Ford Ranger XLT
2021 Ford Ranger XLT
$36,975
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2022 Nissan Rogue SL
2022 Nissan Rogue SL
$37,095
Details Save Saved
2022 Hyundai Sonata Hybrid Limited
2022 Hyundai Sonata Hybrid Limited
$37,175
Details Save Saved
2022 Subaru Outback Limited
2022 Subaru Outback Limited
$37,851
Details Save Saved

Benefits of Leasing a Vehicle

It’s important to remember that vehicles leased out to a driver is still the property of the dealership. In simple terms, leasing is similar to renting. You and the dealership would agree on a set monthly payment, length of contact, and any additional prices if you exceed the set mileage or cause any damage to the car beyond normal wear and tear. At the end of the lease, which averages around three years, you can choose to shop for a different car. If you love the car you have been driving, you can talk with the dealership about settling a purchase price. Overall, leasing is a great option if you are looking to save some money or try out new vehicles as they become available.

Benefits of Purchasing a Vehicle

Purchasing is the opposite of leasing when it comes to vehicle ownership. Buying a car is a big investment and requires the buyer’s commitment to the vehicle. Monthly payments will likely be a big larger and will likely last for a longer period of time. However, this comes with some major pros. After the vehicle is fully paid for, you own it. You will be free to drive it as long as you want and as far as you want without having to worry about paying the dealership any extra fees. You are also free to do as you please to the vehicle, such as adding decals. Also, since the vehicle is yours, you can sell or trade-in your vehicle at any time.

Ready to start shopping for the perfect vehicle? Need some help deciding whether leasing or buying is right for you? No matter where you are in your shopping process, contact us at Sheehy Auto Stores and we will help you every step of the way.

Passenger angle of a blue 2020 Ford Explorer parked by a home with a couple walking towards it
Front driver angle of a red 2020 Chevrolet Malibu
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