Question

When is owning a car a better option than leasing a car?

Answer 1

you can sell it later. if you lease, you are paying money for someone else's car. say you can buy a car for 20thousand or lease for 1000 per month. after 20months, you would have paid the exact same amount, except if you bought the car, you now have an asset tht can be sold.

Answer 2

Answer:

In the end, leasing usually costs you more than an equivalent loan, if only because you're always driving a rapidly depreciating asset. If you lease one car after another, monthly payments go on forever. By contrast, the longer you keep a vehicle after the loan is paid off, the more value you get out of it.

Explanation: