Leasing Versus Buying A Car. Understanding the Pros and Cons of Leasing vs. Buying a Car A4A Site Prior to 2020, roughly a third of new cars driven off dealer lots were leased rather than purchased, but the pandemic changed the automotive marketplace, with the relative shortage of cars driving up car prices as well as lease payments, affecting consumers' appetite for leasing. Buying offers fewer restrictions than leasing on how much you can drive and what you can do.
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Your mileage is typically limited to 12,000 miles a year (you can purchase extra). Prior to 2020, roughly a third of new cars driven off dealer lots were leased rather than purchased, but the pandemic changed the automotive marketplace, with the relative shortage of cars driving up car prices as well as lease payments, affecting consumers' appetite for leasing.
Grotto quote graphic about whether it's better to lease or buy a car "Buying vs. Leasing a Car
Deciding whether to lease or buy a car comes down to your specific priorities and needs in a vehicle In terms of popularity, leasing has had its ups and downs In the end, the decision to lease or finance when buying a new car depends on your lifestyle, financial situation, and driving habits
Grotto quote graphic about whether it's better to lease or buy a car "Buying vs. Leasing a Car. On the one hand, buying involves higher monthly costs, but you own an asset—your vehicle—in the end. Leasing and buying are two primary auto financing methods, each with its own advantages and disadvantages
» Pros and Cons of Leasing vs. Buying a Car. In terms of popularity, leasing has had its ups and downs Find out which method is ideal for your needs in this leasing vs