Is Leasing Or Buying A Car Better ✦ Editor's Choice

You pay for the depreciation (the value the car loses) over a set term, usually 24 to 36 months. Pros:

Are you looking at a (like an SUV or an EV), or

Most leases cap you at 10,000 to 15,000 miles per year. Going over can be expensive. is leasing or buying a car better

AI responses may include mistakes. For financial advice, consult a professional. Learn more

Leasing is essentially a long-term rental. You pay to use the vehicle during its most trouble-free years. You pay for the depreciation (the value the

Since the lease is short, the car is typically covered by the manufacturer's warranty for the entire time you have it.

you finance the total purchase price plus interest. Eventually, you stop making payments entirely. Pros: AI responses may include mistakes

Drive as many miles as you want and customize the car however you like.