Should You Lease Your Next Car?

Read on to find out whether buying or leasing is the better deal for you.

Shopping for a new car means deciding between buying and leasing, which is often a tough call. On the one hand, buying usually involves higher monthly payments, but in the long run you’ll pay less and you’ll own an asset—your vehicle. On the other hand, a lease typically has lower monthly payments and lets you drive a vehicle that may be more expensive than you could afford to buy, but you could get into a cycle in which you never stop paying for a vehicle. It might seem as though there’s no such thing as a good deal on a new car anymore. With high prices and interest rates, both leasing and financing cost more than ever. The average monthly lease payment at the end of 2023 was $606 and…

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Consumer Reports New Cars (Digital) - 1 Issue, December 2024

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