Ownership |
Vehicle titled in your name; you own it.
|
Vehicle owned by the leasing company. |
Flexibility |
Pay off, sell, or trade your vehicle anytime with no pre-payment penalty. |
Restrictions on early termination and pre-payment penalties. |
End-of-Term Options |
Return the vehicle at loan maturity or pay the final balloon payment to keep it. |
Return the vehicle; often with mileage or wear-and-tear penalties. |
Eligibility |
New and pre-owned vehicles up to 5 years old. |
Primarily new vehicles; limited options for pre-owned vehicles. |
Excess Mileage Charges |
Lower charges at $0.10 per mile. |
Typically higher charges than DrivingSense. |
Upfront Costs |
No money down; no hidden costs like acquisition fees or security deposits. |
Requires upfront costs such as capitalization fees, acquisition fees, and security deposits. |
Relocation Flexibility |
We pick up your vehicle anywhere in the U.S. if you return it at loan maturity. |
Requires returning the vehicle to the original dealer location, potentially incurring travel costs. |