Car leasing versus buying a car

Before walking into the car dealership, get a good understanding whether you’ll buy a car, or lease a car, and if you plan on leasing, how to calculate the lease payments. There are major fundamental differences between buying a car and leasing a car.

Both options, leasing versus buying, allows you to drive out the dealership with a new vehicle. However, buying a car gives you full ownership over the vehicle, whereas leasing a car doesn’t. Both may have their advantages and disadvantages and deciding which option is best is a personal preference.

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