Buying vs Leasing: Which is Better for Me?

When it comes to acquiring a new vehicle, one of the most important decisions you'll face is whether to buy or lease. Each option has its own set of advantages and considerations, making it essential to understand the basics before making a commitment. Buying a vehicle often means higher monthly payments but grants you full ownership and equity in the asset. On the other hand, leasing typically offers lower monthly payments, allowing you to drive a newer, often more luxurious vehicle without the long-term commitment of ownership.