The answer is: it depends. Our financial experts’ insight on whether leasing vs. buying is right for you, will help you make the best decision for you.
Buying a car is very similar to buying a home. If you’re taking out a loan, the lender holds the title until the loan is paid off, and when you want a new one, you can sell it. “The only real difference is, while a home will typically appreciate in value, your car’s value is going to depreciate, which, depending on circumstances can make leasing vs. buying a car more attractive,” says Richard Best, a writer for Dontpayfull.