Buying vs Leasing a Car
If you're trying to decide between buying vs. leasing a car, there are a lot of factors to consider. Let's look at the pros and cons of each option to help you simplify the decision-making process.
Key Benefits of Leasing a Car You'll only make payments on the difference between the original price and the residual value, or what the car's worth at the end of the lease period. You get more bang for your buck. With lower monthly payments, you may be able to afford to drive a more expensive car. The average lease period is three years, which coincides with the manufacturer's warranty on most vehicles. Leases require a lower down payment. You may pay higher monthly payments, but you can usually negotiate a sweet down payment deal on a lease.




