Should I lease or buy a car? This is one of the most frequently asked questions when it comes to auto leasing. If you are the type of buyer who gives a name to your vehicle and hangs on to it well into its golden years-well past the point that the vehicle has been paid for; you need not concern yourself with a lease. However, if you’re the type of buyer that is always in the auto market every couple of years, then you should consider leasing.
However, it is necessary to understand what leasing entails as it could be a great option for your next vehicle purchase. Leasing is likened to rent in real estate. The leased car is still a property of the lessor (the manufacturer, or leasing company) and you simply make a monthly payment that represents the depreciation of the vehicle plus the leaser’s profit.