You want or need a new car. Time to shop! But unless you have unlimited funds, you most likely think carefully about not just what car is in your budget, but how you want to pay for it.Â
If you’re looking at a brand new car, you may consider leasing the vehicle or purchasing and financing a car. Both can have their pros and cons, and the right choice for you depends on your financial situation, driving habits and personal preferences.Â
In this article, we'll explore the advantages and disadvantages of buying versus leasing a car and provide key factors to consider before making your decision. We’re also including a calculator to help you figure out what’s right for you.