Car Buying, Leasing | Auto Financing | Elk River, MN

Buying vs. Leasing
What’s the Difference?

If you’re like most folks in Monticello or Anoka shopping for a new vehicle, then there’s a good chance that you’re working on a budget. This means you probably won’t be paying for your new car up front. Instead, most people who shop here at Cornerstone Auto will choose to finance or lease a car in MN.

Benefits of Buying a Car in MN

Many people who come to our dealership from Ramsey and the surrounding areas want to finance their vehicle. There are a variety of different advantages, including:

  • Ownership – Each monthly payment you make on a financed vehicle is helping you build equity. By the time you finish paying off the vehicle — usually 36, 48, or 60 months — you’ll own the car outright.
  • Customization – When you own your car, you can do what you want with it. Add a custom paint job, put in a custom stereo system, or install performance-enhancing equipment. You won’t be penalized for making it your own.

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2018 Ram 1500 Towing

The RAM 1500 Towing an ATV
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Benefits of Leasing a Car in MN

2018 Chrysler Pacifica Interior Backseat View

Interior of the Chrysler Pacifica
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The other option is to lease a a car in Minnesota. With this option, you borrow the car for a period of time and have the option to purchase it or return it when the lease term is up. There are also a variety of different advantages to leasing as well:

  • Affordability – In general, vehicle leases come with lower down payments and lower monthly payments. This means that you can afford to drive a nicer vehicle for less, while keeping more money in your account every month. If you’re considering a pre-owned vehicle, note that used car leases are far from common.
  • Newest Features – Leases usually come with shorter terms than financing plans, usually 24 or 36 months. This means that as soon as your lease is done, you can bring it in and get a new lease on a vehicle with the latest technology, performance, and design features installed.

Explore Your Finance Options at Cornerstone Auto

Which is the better option for you? Visit Cornerstone Auto to take a test drive and chat with our finance staff about the differences between financing and leasing a car in MN. Contact us to learn more, or visit your local Twin Cities area Cornerstone Auto dealership today! We can also assist you with financing if you have no credit.

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17219 Highway 10 NW • Elk River, MN 55330

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Today's Hours:

Open Today! Sales: 9am-6pm

Open Today! Service: 7am-5pm

Open Today! Parts: 7am-5pm

Cornerstone Auto

17219 Highway 10 NW Elk River, MN

Phone: 763-274-3390


Phone: 763-274-3360

17219 Highway 10 NW Elk River, MN


Phone: 763-441-2300

17219 Highway 10 NW Elk River, MN


Phone: 763-274-3340

17219 Highway 10 NW Elk River, MN
45.3767051 -93.3884585
Cornerstone Auto 45.3767051, -93.3884585.