Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
Lease payments are based on a smaller total than loan payments. Your monthly payments are lower than buying the car, as you are only paying depreciation and interest on the car, but at the end of the lease you still do not own it. If you had bought the car, you would have some equity when the last payment was made.
