There may be many people who do not consider there to be a big difference when you buy or lease a car. Either way, you are making monthly payments for the vehicle and the depreciation on your vehicle makes it so that at the end of your lease term the value will be about the same either way.
Buying versus leasing matters as:
- when you buy a car you have an asset you can resell or use without monthly loan payments going forward
- when you lease a car you can trade in and get a new vehicle in a short…