Leasing is a financing option in which you pay for the portion of the vehicle's value you expect to use over a period of time, plus a rent charge, taxes and fees. The advantages over traditional financing can be a lower monthly payment or a better equipped vehicle for a similar monthly payment.
Traditional financing is an option in which you buy the vehicle by paying the purchase price, plus a finance charge, over time. The advantages are, no mileage limitation and you own the vehicle outright at the end of the financing term.
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