“Buying a car is almost always better than leasing a car,” Baumeister stresses. There are some exceptions for business owners or others who can deduct certain vehicle costs. For everyone else, leasing a car should be considered a luxury. Lease a car if you simply love driving a new car every three years and the cost is worth it to you. read more
But at the end of the lease, instead of selling your old car or negotiating a trade-in, you just walk away. See Also: Best Deals in New Car Values Monthly lease payments cover depreciation and taxes only for the time you have the vehicle. read more