Buying or leasing a car is something that can be used to your advantage depending upon your goals. This informational graphic will show you the positives and negatives of both options and help you find out whether leasing or buying is your better option for you.
Leasing is essentially renting a car for a set duration, then returning it to the dealership. Leasing usually has less monthly cost than owning, but you also don’t really have full control of the car.
Purchasing the car is usually a more long term and more credit conscious decision. No matter what the car is yours, and at the end of the payment plan you walk away with it no strings attached. Because of this, however, the payments are usually more, and your credit builds much faster with less hassle.