Whether it's a luxury sedan, a sport convertible or an SUV, car makers sure make it hard to resist a new set of wheels. Next to deciding which model and color you want, the hardest question you might face is how to finance the purchase. Should you buy or lease your next vehicle? The quick checklist below was designed to help you decide.

Reasons to Buy
You should consider buying your next automobile if you:

• plan to own the vehicle for more than five years
• plan to continue driving the vehicle after it is paid off and enjoy the freedom of no car payments
• will likely drive your vehicle more than 15,000 miles a year
• enjoy customizing your car or truck to your tastes

Reasons to Lease
Leasing might be the answer if you:

• enjoy driving a new car every few years
• want a lower monthly auto payment
• expect your transportation needs to change in a year or two, i.e., you expect to have children or your child is going to college.
• drive 15,000 miles a year or less
• partially use your car for business and want a tax deduction from the lease payments

Whether you decide to lease or buy your next vehicle, U.S. Bank can help make the financing process for your next automobile easy and convenient. Contact us today!

Still on the fence? Use our tools below to help you decide what option is right for you.