Deal with Buy Or Lease A Car Study. The Difference Between Lease and Though the decision to lease or buy a car has financial implications—money isn't the only factor you should take into consideration before you pull. Some will not qualify because of credit, income, or other requirements.
Buying is probably the better option if any of the following are true for you. Leasing a car is a great option for some people, but not for others. Lease or buy a new car?
What it ultimately comes down to are your needs, budget and personal preferences.
But if you "have to have" a new car, there are Then, in two or three years, you have the option of buying out the lease and keeping the car or trading in for another new car.
Conventional wisdom says if you lease you'll have nothing to show for your money when the term is up. One of the financial differences between buying a car and leasing one is how it affects your financial net worth. Cars are typically leased for three years, so if you lease a brand-new vehicle it will likely be under warranty for the duration of your lease.