Car buy or rent. Hands with car and money
For most people, a goal is owning their own vehicle, but there are also benefits in leasing a vehicle. One of the biggest differences in leasing vs. buying a car is the finance.
Your monthly payments leasing a car would be cheaper than if you were buying it. Leasing a car is a rental agreement with monthly payments. You don’t get to keep the car because you are renting it until your contract expires. Once your contract expires and you return the vehicle, you also have the option to buy the vehicle at a set price. If you don’t want to purchase it then just have to look for another car to lease or purchase. Benefits of leasing a car instead of buying: cheaper monthly payments, you can keep up with the newest car models by leasing the newest car each year without paying as much as buying a new car.
Purchasing a car includes more expensive monthly payments, especially if it is a new car, but once you pay off the car it is yours. Benefits of owning a car instead of leasing: you don’t have to watch over your miles, after you pay off the vehicle you don’t have monthly payments to worry about, if you want a new car you can trade your car.
