- Leasing allows you to drive a car that may be "too expensive" to purchase
- Leasing puts you in a new car, with the latest safety features and gadgets, every few years
- Buying a car means that you have no mileage limits, and can sell at any time
Should You Lease Or Buy Your Next Car? It May Affect Your Mortgage.
Should you lease a new car, or should you buy one? Like most financial questions, the answer depends on your situation. For some people, leasing a car presents distinct economic advantages. For others, buying a car is the way to go.
There's plenty of online material to help you choose your optimal path, but this 3-minute piece from NBC's The Today Show serves as an excellent summary. In it, you'll learn about the basics of leasing a car, and for whom leasing can be a great fit. You'll also hear reasons to avoid a lease completely.
The NBC interview makes all of the following points :
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