What are the disadvantages of leasing?
While leasing offers short-term savings, at the end of the lease, you don’t own the car. Once you start leasing, if you continue leasing, you always have a car payment. In the long run, leasing can be more expensive than purchasing a car if you plan to keep the car. If you prefer to always have a new car, however, this disadvantage becomes a non-issue for you and actually becomes a savings advantage.