Lease payments are almost always lower than loan payments because you're paying only for the vehicle's depreciation during the lease term, plus interest charges (called rent charges), taxes, and fees. You can sell or trade in your vehicle at any time.

Flex Auto Loans act as a hybrid between traditional auto financing and leasing for new and used vehicles of up to five years old. A Flex Auto Loan is similar to a lease in that it comes with lower monthly payments than you'd associate with traditional financing.