Cars lose value quickly, and you bear that full loss as the owner. Comparison Summary Monthly Payment Generally lower Generally higher Ownership None (unless you buy it out) You own it after the loan Mileage Restricted (extra fees apply) Maintenance Covered (usually) Your responsibility (eventually) End of Term Return the car Keep, sell, or trade Which is right for you?
Deciding whether to or buy a car usually comes down to your lifestyle, how much you drive, and how you prefer to handle your finances. 1. Leasing: The "New Car Every Few Years" Route is leasing or buying a car better
Once the warranty expires, you are on the hook for all repairs. Cars lose value quickly, and you bear that
You must return the car in excellent condition or pay "excessive wear" fees. 2. Buying: The "Long-Term Ownership" Route 2. Buying: The "Long-Term Ownership" Route