Leasing means paying for the depreciation you use plus a finance charge (the money factor). You get lower payments and a new car every few years, but you never build equity and mileage caps apply.
Buying costs more per month but the loan ends — and a reliable car can run for years payment-free. Over a 10-year horizon, buying and keeping almost always wins on total cost.
Use our lease-vs-buy calculator to find the break-even point for your specific numbers. If you drive a lot of miles or keep cars a long time, buy. If you value low payments and always driving something new, lease.
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