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On the other hand there are also advantages to car. Although at the end
of the lease you have to take the car back, you are under no
obligations. Once you return the car the payments stop and you are free of
further responsibility for the vehicle.
Another thing to think about when considering leasing vs buying a car,
if you lease you do not have to worry about selling your car when
you're ready for a change. Once you get sick of the old car, simply return
and lease a new one.
The monthly payment for a lease may also be cheaper than buying.
Now-a-days, you can lease a brand new BMW for less than $400 a month.
Although you do need to keep in mind that you will not own this car at the end
of your term. If you buy the BMW and are pay $600 a month, although
you will be paying more, after the term is done the car is yours.
When it comes to leasing vs buying a car, I would always go for buying.
My number one reason is that when I buy a car I want to keep it as
long as possible. I consider it an investment, not something borrowed.
However, if you are the type of person that likes a change every couple of
years, the advantages of leasing a car may be the best way to go.
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