Buying vs. Leasing

You own the vehicle and can maintain ownership for as long as you'd like.

You use the vehicle during your lease term, and at the end of the lease choose to return it, renew your lease contract, or purchase the vehicle outright from the Sarasota Studio.

You pay the purchase price on your arranged terms over a particular loan term plus interest, taxes, and associated fees.

You pay for the vehicle's anticipated depreciation during the term of your lease plus any interest, taxes, and associated fees.

Most luxury consumers pay 10-20% in down payment costs plus taxes, registration, fees, and dealer added options and accessories.

Generally you will have a smaller down payment, in some cases no down payment, your first months payment, a refundable security deposit, acquisition fee, taxes, registration, and any other associated dealer fees.

You have the freedom to sell or trade in your vehicle at any time.

You could be subject to penalties for early termination, but in some cases programs are available to help waive your remaining payments when you upgrade to a new model.

There are no restrictions on mileage, although it may impact your trade or resale value.

Lease terms indicate mileage limits, usually ranging from 5,000-15,000 average miles per year. You may pay an additional fee for overages.

You can make any modifications you wish during ownership. However, some modifications may void your warranty.

You must remove any customized modifications to the vehicle prior to returning your leased vehicle.