Should I Lease or Buy My Vehicle?

Should I Lease or Buy my vehicle? There are many benefits to leasing or buying a car.

• Leasing a car will usually give you lower payments than financing. It also allows you to drive a new car every few years, depending on the length of the lease. At the end of the lease you have the option to either purchase the car or return your vehicle. There are also tax benefits available to those who choose to lease their vehicle. Some of the drawbacks to leasing are early termination and mileage limits. In the end you can structure your lease around your driving habits to avoid mileage penalties.
• Buying a car allows you to pay for the ownership of the car instead of the use, and there are no mileage limits on buying a car. Watch the video above to help you decide if you should buy or lease your vehicle.