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[quote=Anonymous][quote=Anonymous]Buying is in most cases the best choice when:
--You plan to keep the car 4 or more years
--You are buying a car that is relatively reliable
--You like the idea of paying off the car after a few years and then not having a car payment for awhile

Leasing can be beneficial when:
--You're getting a car that is known to have major reliability problems after its first few years of ownership. Many people lease BMWs for example because 3, 4, 5 years into owning one they turn into money pits that cost a lot to repair (and they depreciate in value because of this). Leasing allows you to enjoy the good times with the car knowing you'll turn it in before big problems hit.
[b]--You routinely want and are willing to pay extra to turn in your car for something brand new every 2-3 years.[/b]
--You own a business, use it for work and leasing has tax advantages that don't apply to a normal person.
--You can't really afford a car that would normally be out of your price bracket but don't care and are lured into a lease for the lower monthly payment
--You are getting a Tesla or other electric vehicle and don't want to commit to long-term ownership since that tech is changing so fast[/quote]

This the the first key question - if you are a "car person" who likes owning new cars, then look into leasing. If you are not, and don't care about how old your car is, consider buying. Assuming you get a reliable car, buying is the smarter choice financially if you are willing to drive it for a long time. But many people really love having new cars -- it brings them joy and they like not having the hassle of having to manage a car later in its life.

I[/quote]

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