Buying or Leasing a Car: Which is Better?
If you’re looking to buy a new car, there are two ways to make it happen; buying or leasing. To be clear, there are many advantages and disadvantages to both.
Advantages and disadvantages of ownership
The advantages of buying are:
• Ownership
• Flexibility
• Resale
The disadvantages are down payment, high monthly payments and interest payments.
Advantages and disadvantages of leasing
On the other hand, leasing a car provides...