Should You Lease or Buy a New Car?

Rent or Buy If you are in the market for a new vehicle, you may be deciding on whether to buy or lease. There are advantages and disadvantages to each and there are plenty of differences between leasing and buying a car. In general, it makes sense to purchase a car, truck, or SUV if you drive a lot, have kids, and plan on keeping the vehicle for a longer period. If you drive roughly 10,000 miles or less per year and will keep a car in pretty good shape, you might want to consider a lease. Either way, here’s a look at buying a vehicle as opposed to leasing one. [continue reading…]