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| Lease vs Buy | ||
The term, lease vs buy, usually refers to the question often asked by automotive consumers, "Should I lease my next car, or buy"? The answer can depend on a number of factors. Although lease payments are nearly always lower than loan payments, this does not automatically mean that leasing is the best option. Individual circumstances will often dictate that buying with a loan is a better option. The first step in making a lease vs buy decision is to determine if you really qualify for leasing and that you are willing to agree to the conditions of a lease. Second, you should compare the financial differences, including a comparison of monthly payment amounts and long-term costs. All the information you need to make your decision is contained in our Lease Guide article, "Lease vs Buy" and in our Lease vs Buy Calculator. Whether you buy or lease, you should do your homework before you ever set foot in a dealer's showroom. Do not rely on a dealer saleperson's advice when making such an important decision. For more information, see: The Lease Guide
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