Leasing vs buying a car, what's better for saving money?

[emily Lopez]

I’ve read leasing can offer lower monthly payments and flexibility, but you don’t own the car in the end. On the other hand, buying seems more cost-effective in the long run if you keep the car for years. Are there any key stats or details I should consider, like depreciation rates or mileage limits? Would love to hear your insights

 

[alex 008]

Theres a limit on how many miles you can drive, and the cost basically covers the car’s depreciation while you have it.

 

[Johnson JAY]

Timing a new car purchase right when your lease ends can be tricky. It’s not always easy to align the order with your needs.

 

[Johnson JAY]

Timing a new car purchase right when your lease ends can be tricky. It’s not always easy to align the order with your needs.

Leasing companies usually let you extend in situations like this. I recently extended mine by making another payment, and when I started a new lease 7 days later, they refunded that extra payment.

 

[Laura clark]

Honestly, what’s the benefit of leasing? I can’t think of one good reason why it makes sense for the average person.

 

[karen taylor]

This kind of question is tricky because deciding to buy or lease depends on so many different factors.