How to Choose Between Leasing & Buying a Car

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LendingTree, PERSONAL FINANCE, WRITING

 

Thinking about the financial benefits of leasing versus buying a car can feel like an overwhelming decision. Buying might mean plunking down a large amount of cash all at once, but you wind up with a car owned outright in the end. Leasing usually means smaller payments, but you’re stuck in a loop of always paying for a vehicle.

The good news is that there are a few car-buying basics that you can use to help guide your decision. As New York-based Certified Financial Planner Doug Flynn tells his clients, the best way to decide is to “make it a math decision.” By comparing costs on the specific car you’re considering side-by-side, you’ll be able to make the best choice for you and your family. We’ll walk you through the steps, whether you’re new to the car-purchasing experience or a seasoned buyer.

Want to find out more? Check out my story at LendingTree.

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Abigail Bassett is the Executive Editor at CNTRL MEDIA, LLC. She is also a freelance content creator and curator whose work has appeared in publications like Forbes, Fortune, Automobile, Motor Trend, Money Magazine and on CNN. Her passion is telling unique stories using a variety of media and taking the visitor places that they have never been–whether it’s into the cockpit of a rare supercar, inside an exclusive home or hotel, or behind the scenes of a fashionable event. She is also a Yoga Alliance Registered 200-hour yoga teacher. She teaches at a number of public, private, and corporate venues, around Los Angeles, CA.

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