Should I buy or lease my next vehicle?
This is a question that you may have considered in your car buying experience. There is not definite answer one way or the other. The only adequate answer is that it depends on your situation.
There are many pro's and con's to both buying and leasing a vehicle. Leasing is often a good choice for buyers who may want to get more car for the dollar. Owning is more expensive in the short run, but has its benefits too.
Buying:
- Ownership
- Keep the car as long as you like
- Custom Options/Upgrades
Leasing:
- Lower monthly payments
- New vehicle every few years
- Less down payment
Leasing will end up costing you more in the long run where you won't have much to show for it. Be sure to ask yourself all the right quesitons before you decide which option to do.
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