Should I Lease or Purchase My Next Vehicle?

It depends on what matters the most to you. Everyone has varying lifestyles and priorities - in cars, life, and in finances. Vehicle lease-versus-buy decisions should be made with your own lifestyle and priorities in mind. What's works best for one person can be completely wrong for someone else.

LEASE - If you enjoy driving a new car every two or three years, prefer lower monthly payments, value having a car that has the newest safety features and is under warranty, don't like trading and selling used cars, don't care about building ownership equity, have a stable predictable lifestyle, drive an average number of miles, properly maintain your cars, are willing to pay more over the long haul to get these benefits, and understand how leasing works, then you should lease.

BUY - If you don't mind higher monthly payments, prefer to build up some trade-in or resale value (equity), like the idea of having ownership of your car, prefer paying off your loan and being payment-free for a while, don't mind the unexpected cost of repairs after warranty has expired, drive more than average miles, prefer to drive your cars for years to spread out the cost, like to customize your cars, and expect lifestyle changes in the near future - then you should buy.