Should I buy or lease a car?

Should I buy or lease a car?

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Do you want the option to get rid of this car at any time?

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Question by jon

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Topic added by jasper

To lease, or to buy, that is the question. Many would argue that buying is the better option but it may not be the best option for you. Do you value driving a new car over driving one that is paid off? Or is the ability to customize your vehicle a major concern for you? This Hunch topic will guide you through several questions that will help you decide whether you're a lessee or an owner.

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  • You should probably buy your car

    You should probably buy your car

    Advantages of Car Buying

    * Pride of ownership — you can modify your car as you please.
    * Car buying is more economical in the long run unless you buy and trade-in regularly ...

    Learn more or get a quote on Edmunds.com
    caterina
    Pros: In general, I think most people should buy their cars. You end up paying more, in the long run, to lease.
  • You should probably lease your car

    You should probably lease your car

    Advantages of Car Leasing

    * Lower monthly payments
    * Lower down payment
    * You can drive a better car for less money each month.
    * Lower repair costs (With a three-year lease, the factory ...

    Learn more or get a quote on Edmunds.com
    vinay
    Pros: Leasing is definitely the way to go since car value depreciates so quickly.