Loan payments are typically higher than lease payments.
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 loan is gone, you can sell the car or trade it in to put money toward your next vehicle. Loan payments are typically higher than lease payments
Since the lease is short, the car is typically covered by the manufacturer's warranty for the entire time you have it. Leasing: The "New Car Every Few Years" Route
When the lease ends, you don't own anything. It’s a continuous cycle of payments.
Drive as many miles as you want and customize the car however you like.
Once the warranty expires, you are on the hook for all repairs.