Should I buy or lease a car?

Whether you should buy or lease a car depends on a few factors:

  • What kind of deal you can make with the dealership
  • The typical mileage you put on your car
  • How much you wear down a car
  • The primary use for the car

To determine whether leasing or buying is best, compare the costs and other issues involved in a lease or purchase. The following factors should be considered:

  • Beginning costs
  • Continual costs
  • Total costs
  • Is there a possibility of deduction of any of the costs due to the car being used for business
  • How important is it to have ownership of the car