When it comes to the time of buying a new vehicle the question “Should I lease or buy” usually comes to mind.  There are many advantages and disadvantages to both.  To help you decide whether you should buy or lease a vehicle the best suggestion is to write out the benefits and negative aspects of both.  Need some help?  Read below to help you make a decision. 

Leasing –

Pros:

• You get a new vehicle every couple years.
• There is no damage from a previous owner.
• You get to keep up with the new technology and features that come out.
• It’s not yours so you don’t have to worry about selling it.
• Less money for a down payment usually.

Cons:

• Best/most expensive insurance required.
• Limited mileage plan usually.
• You’ll never see the money for the lease again.
• It’s not yours.
• You’re stuck with the lease until it ends.

Buying a vehicle -

Pros:

• The vehicle is now yours.
• You can customize anything you want.
• Unlimited mileage.
• Don’t need the best insurance – lower payments.
• You can sell later for money.

Cons:

• The vehicle becomes outdated over time.
• You have to keep up with more maintenance.
• You have to worry about selling it yourself if you wanna get rid of it.
• Usually bigger payments up front.

Making the decision of whether you want to lease a vehicle or buy one is a huge decision.  There are many pros and cons to both but even then it is a hard decision.  Look at your lifestyle to see what would work best for you.  Keep in mind what you like in vehicles to help make your decision easier.  Do you want to own a vehicle or do you not want to worry about handling all of that?  Do you like new features that come out in the future or do you not care?  There is a lot to ask yourself to help make your decision.  Read of the pros and cons and see what out ways the other one.  Good luck!