Will your next car be leased? Or are you looking to buy a car? The question of whether to lease or buy when financing your next car is less about financial means, and more about driver preferences, priorities, and habits. We have plenty of good things to say about both options, so you can’t really go wrong!
Your choice might be different from one different stage of life to another– for example, a daily commuter would probably be better off buying, considering the typical 12,000 per year mileage limit on leased cars. What’s the basic difference between the two options? With a leased vehicle, you pay only for the depreciation of the car during the years leased, versus paying for the entire cost when buying. Continue Reading →