---
id: faq-0097
title: "What's the difference between leasing and buying a car?"
category: faq
subtopic: leasing
page_type: faq
source_url: "https://www.barefordgmc.com"
tags: ["leasing basics", "lease vs buy", "ownership"]
questions:
  - "Should I lease or buy?"
  - "What's the advantage of leasing over buying?"
  - "How is leasing different from financing?"
related: [lease-mileage-limits, lease-wear-tear, lease-end-options]
dealer: Bareford GMC
---

Leasing is like a long-term rental-you drive a new car for 2-3 years, make monthly payments, then return it. You never own it. Buying means you finance or pay cash, own the vehicle outright, and keep it as long as you want.

**Why lease?** Lower monthly payments, warranty coverage (no repair costs), always driving new tech, and no resale hassle. **Why buy?** You build equity, keep the car forever, no mileage limits, and customize it however you like.

Bareford GMC's Finance team can walk you through both options and show you current lease offers on GMC models like the Terrain, Acadia, or Sierra. Call **(804) 445-2810** to explore what works best for your lifestyle.