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Lease vs Buy Car
Should you lease or buy your next vehicle? See the numbers side by side.
Buying wins when
- You drive 15,000+ miles per year
- You plan to keep the car 5+ years
- You want to be payment-free eventually
- You prefer to customize your vehicle
- You want to build equity in an asset
Leasing wins when
- You want a new car every 2-3 years
- You drive under 12,000 miles per year
- You want lower monthly payments
- You can deduct lease payments for business
- You prefer warranty coverage at all times
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