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The term lease buy, as applied to car leasing, can have two possible meanings. First, it can simply be a shortened form of the phrase, "lease versus buy" which refers to a comparison of lease cost versus purchase loan cost for a particular vehicle. Lease-buy calculators are available on various web sites, such as the Lease vs. Buy Calculator by LeaseGuide.com. Alternatively, the term lease-buy can also refer to the concept of leasing a car first, then buying it later — sometimes mistakenly referred to as "lease to own." Although this is often done, it is not generally a good way to acquire and finance a new car if you know that you eventually want to own the car. The overall costs of this approach are significantly greater than purchasing outright. For more information, see: The Lease Guide
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