When you buy a vehicle you have a few different ways of paying for it. If you have enough money to pay off the full value of the car right away you can buy it outright, but that is rare. For most Ontarians, they need to borrow from a bank or other lender in order to pay for a car by leasing or financing it. Below you can read our guide on leasing and financing a car works and what the advantages and disadvantages are.