How to Choose Between Leasing & Buying a Car

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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 a full-time freelance journalist, content creator, and television, video, and podcast host whose work has appeared in publications like TechCrunch, Fast Company, Inc. Magazine, Forbes, Fortune, Motor Trend, Shondaland, Money Magazine, and on CNN. Her passion is telling unique stories that change the way we see, interact with, and relate to the world. She is also a Yoga Alliance Registered 500-hour yoga teacher.

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