Should You Buy or Lease A New Car? 3 Factors to Consider

So you’re in the market for a new car and you’re not sure whether to buy or lease? Here are three things to consider when making your decision.

1. Price. Leasing can provide the lowest monthly payment. However, buying a car enables you to recoup your money when you sell it.
2. Use. What are you using the car for? Most leases come with mileage restrictions. So if road trips are in your future, buying might make more sense.
3. Status. How important is it for you to upgrade? While buying locks you into a vehicle for a longer period, leasing allows you to upgrade more frequently.

Getting a new car is a big decision and everyone’s situation is unique. That said: Buying or leasing, there is no denying that new car feel!