One of the biggest benefits of financing a vehicle is that once your payments are complete, you can keep the vehicle. Unlike leasing, you don't have to return your vehicle to release it, turn it in, or decide on purchasing it. When you finance your vehicle, you also don't have to worry about annual mileage limits like you would with a lease. You will also build equity on the vehicle as you make your payments. When you buy a vehicle with a loan, you don't have as many restrictions as you would with a lease. Also, you don't have to worry as much about your credit score with a loan as you typically do with a lease. In general, a lease requires a higher credit score than a loan. When you purchase a vehicle, you also have the benefits of applying for some tax deductions. You can deduct depreciation if you use your vehicle for your business also! The long-term costs of a vehicle are cheaper because you own the vehicle outright and can keep it for many years.