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3: Analyze Your Circumstances

Buy or Lease?

Everyone loves to save money, but do you know if leasing is better for you than buying? Would buying used save you money or cost you more in repairs? 

Leasing can offer lower payments, but like renting your home, you are not gaining any equity. Some people like that leasing allows them to trade in their car every couple of years for a different one, while others don’t like the stress of knowing they will have to give the car back when the lease is up (unless it is a lease-to-own program). 


Use this calculator to help analyze the financial impacts of leasing versus buying.

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