There are better explanations out there, searching archives may work out better than my answer, but:
Basically, owner's choice only exists for those in certain states with funny laws. I think Texas is one of those places, but I am not sure. I know Connecticut is not, and I think California is not either.
Owner's choice is basically a lease but the title is in your name instead of the bank's. With a lease, you are granted power of attorney, with owner's choice that isn't necessary.
You may want to check your state's laws regarding leasing.
When it comes down to it, you probably want to lease rather than go with owner's choice.
Stevarino said:
I am not sure I understand what the fundamental difference is between a lease and the owner's choice option. In either case, you are paying only for the estimated depreciation of the car for the term, and in both cases, you get to buy or not buy the car at the end. What am I missing?