Is Leasing Cheaper Than Buying -

: Once your auto loan is paid off, you own the vehicle and your monthly payment drops to zero.

You want to drive a brand-new car with the latest tech every 3 years. You drive less than 12,000 miles per year. is leasing cheaper than buying

: Lenders and leasing companies require high-level, comprehensive insurance. Once you own a car outright, you can lower your insurance coverage to save money. 💸 The True Cost Over 10 Years : Once your auto loan is paid off,

: $0. You must return the car and continue paying to have a vehicle. 🚗 The Smart Buyer (One Purchase) You must return the car and continue paying

You buy a $35,000 car with a 5-year loan at a $600 monthly payment. : You spend $36,000 in payments. Years 6-10 : You make $0 payments for five years. Total Spent : ~$36,000 (plus interest and maintenance).

: Your car will always retain some cash value. You can sell it or use it as a trade-in later.