
Should I Lease My Next Car Or Buy It?
Leasing or buying vehicles are two different methods for a customer to gain the services of an automobile. They both have their advantages and disadvantages depending on someone's personal situation.
Buying a car means that the owner retains the equity of the vehicle after it is paid in full. The price is paid upfront, or over a period of time. An auto loan is required to finance a payment plan. It will come with interest, and require a down payment for approval.
A lease is typically cheaper than an auto loan because it does not lead to ownership of…