Leasing and financing are two different ways to pay for a vehicle. When you finance a vehicle, you are taking out a loan to pay for the car in full, and then making monthly payments to the lender until the loan is paid off. Once the loan is paid off, you own the car outright.

On the other hand, when you lease a vehicle, you are essentially renting it for a specified period of time, typically two to three years. You will make monthly payments, but the car will still belong to the leasing company at the end of the lease term. At that point, you will have the option to buy the car, return it to the leasing company, or lease a different vehicle.

Financing can be a good option if you want to build equity in the car and build credit, and if you are willing and able to take on the responsibility of paying off a loan. It is important to carefully consider your options and decide which option is best for you based on your individual circumstances and needs.