Lease or Buy?

Purchasing a vehicle is up near the top of the list for expensive items in our lives. For this reason, consumers want to be sure that they are making the right choice and then wonder if it is better to lease the car or buy it.  The answer to this question depends on your priorities and your lifestyle. The choice that is good for one person will not be good for another.

Leasing a car is similar to paying to borrow it.  It is never yours and you cannot customize it in any way but it is your for a set amount of time. A lease is very hard to get out of once you sign the contract but the bottom line is really about how much you want to pay and when do you want to pay it.

Short term lease will always cost less then buying but if you want to latest model with the newest safety features and will always be under warranty, then a lease is for you.  If you drive many miles, the lease is not what you want because you will have a limit on the miles you are allowed to put on the car. Buying the car means you can sell it whenever you want and do with it as you please where the lease is never your personal car.  The choice is yours, just review all the details before you make that decision.