The long-term cost savings. Lease payments will never stop as long as you keep leasing new cars, but financing a car means you eventually pay off the loan and eliminate monthly payments altogether.

But after you pay off the loan you own an asset—your vehicle. On the other hand, a lease has lower monthly payments and lets you drive a vehicle that may be more expensive than you could afford ...

Unsure whether to make the leap on leasing or hold out for lower auto loan rates to buy? Here is a simple breakdown of the two choices: When to lease: Leasing may be a good bet if you want to ...

You get a new car every couple of years, and the monthly payments you’ve seen advertised seem cheaper than what you’d pay for a car loan. Before you sign a lease, make sure you fully ...

And according to credit-reporting agency TransUnion, average auto loan debt per borrower is $21,210 as of Q4 2021. A closed-end lease is a rental agreement in which the lessee (or renter ...