To Lease Or Buy A Car Pros | And Cons

You want to build equity, plan to keep the car for many years, and do not want to worry about mileage or wear-and-tear rules.

Loan repayments are typically higher than lease payments. to lease or buy a car pros and cons

You pay for any damage beyond normal use at return. You want to build equity, plan to keep

Usually cheaper than loan payments for the same car. Usually cheaper than loan payments for the same car

The factory warranty often covers the entire lease term. No resale hassle: You just hand the keys back at the end. No ownership: You do not own the car and build no equity.

Buying means you pay the full vehicle cost via cash or a loan, and you own it outright once it is paid off. The car is your asset to keep or sell.

Going over the agreed annual limit results in heavy fees.