THE PROS AND CONS OF LEASING VS. BUYING

Intro: One of the biggest decisions when getting a car is whether to lease or buy. Both have advantages and disadvantages, depending on your lifestyle and financial situation. Lets break down the pros and cons of each.

Leasing Pros:

. Lower monthly payments

. Newer car every few years

Leasing Cons: 

. Mileage restrictions

. No ownership equity

Buying Pros:

. Full ownership of the car

. No mileage restrictions

Buying Cons: 

. Higher monthly payments

. Long-term maintenance