Auto Lease Vs Buy at Buying

Auto Lease Vs Buy. Weighing the advantages and disadvantages of leasing vs. This is known as personal contract hire (pch) where you lease a car for a short period of time e.g.

You pay a monthly fee to use the car for the years and mileage agreed within your contract. There is a fundamental difference between leasing and other ownership models: You make monthly payments and at the end of the term you return the car and start the process over again with a new car.

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Buying allows you to take ownership but at a hefty cost. You don't own the car at the end of the lease (although there is always the option to buy). We typically show the buy rate, which is. In leasing, the money factor is essentially the interest rate you'll pay during your lease.