1. Control. Control. Control.

   When you purchase a car, you have control of the vehicle, which means you can spray paint “Lease-X Rules!” all over it, if that’s your thing.

2. The open road.

   When you purchase a car, there are no mileage limits. You can keep going and going and going and going and going and . . .

   Well, I think you get the point.

   Of course, racking up high mileage on a car you own carries a cost with it, as well. The difference is that when you buy a car, you realize the loss as a lower trade-in value – money you don’t get. With a lease, you pay out of pocket when you turn in the car.

3. Freedom.

   When you own the car, you can sell it whenever you choose, or use the car as a trade in to purchase a new car. Of course, it generally takes several years of monthly payments to build up any equity in the vehicle due to depreciation. Many car buyers find themselves owing more than the car is worth when they go into the dealership to trade it in.

The Lure Of The Lease – In Plain English

The Upside Of Leasing A Car

The Downside Of Leasing A Car

The Downside Of Buying A Car

The Definitive Answer

Take a look at our leasing guide here.