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The Pros and Cons of Leasing vs. Buying a Car

car on the road

Deciding whether to lease or buy a car is a big decision. Both options have pros and cons, and the best choice for you will depend on your circumstances. To assist you in making an informed decision, we have created a list of the five most significant advantages and disadvantages of leasing vs. purchasing a car.

Pro #1: Lower Monthly Payments

One of the biggest advantages of leasing a car is that it generally has cheaper monthly payments than owning the same car outright. This is due to the fact that when you lease a …