What are the advantages and disadvantages of leasing a car vs. buying?
The primary advantage of leasing is lower monthly payments, but in exchange for lower payments, you do not build up any ownership equity. This may not be important to someone who trades cars every 2-3 years anyway. So the advantage of buying is that you make higher payments to get some ownership equity, which is important if you like to keep your cars for years. Here is an article that has a whole list of pros and cons of leasing: http://www.firstcarguide.com/lease/car-l… .
