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Which is better? Leasing or Buying, well the answer really is it depends.

Lets say you are leasing a $20,000 car, you will after around 24 months have made up to around $7000 in payments, this is due to the fact that you are not paying for the entire vehicle, but you are paying only for the part that you used up, or as the people in the business would call it, the depreciation.

This comes with some pros and cons, when you buy a $20,000 care after the same amount of time if you decide to sell it may have only depreciated around $6000, so it would help you save money instantly.

That is the pro of actually buying the vehicle. The alternative of leasing comes with a few pros as well, it means that you will have more money in your bank account that is actually increasing, and it also means that you will almost constantly be able to have a new top of the line car.

Both are viable options, it is you choice to see which better fits your needs.