What is better buying or leasing a car?

I own a corolla and i want to lower the monthly payments and change the car since by the time i'll finish paying for the car it will be old and start tp give me problems. in the other hand a least is just like a rent i think. Thank you for your answer.What is better buying or leasing a car?leasing or buying will not help you to get out from under that corolla, you will owe more than the corolla is worth so if you want to role that negative equity into the new loan it will increase your payment and make it alot more difficult to get financed.



Leasing is basically renting the car, most people will tell you its a terrible idea because you dont own the car, but if you buy a car with a loan you dont own that either, not until the ENTIRE loan is paid off. Generally speaking leasing will get you a lower payment, and you do have the option of buying the car at the end of the lease.



Two things to be sure of when leasing, be absolutely positive you will want to keep the car for the entire time of the lease, theres nothing worse than trying to turn a lease in early. The other thing is miles, again be absolutely sure you do not drive more miles than you lease allows, figure out how many miles you drive a year then increase that by 15%. Over miles charges will cost you a bundle when you go to turn that lease in.
What is better buying or leasing a car?
its depends on ones finances. for some people its better to lease and for others its better to buy
What is better buying or leasing a car?
I'd say the best thing to do is to buy a car and finance it directly with the company/dealer. Leasing is horrible, just like signing a lease for an apartment/home.
Leasing is great for some people (like me) and terrible for others. The important thing is to understand how leasing works so that you can figure out if it's right for you. Here's a web site that might help:

http://www.leaseguide.com/lease01.htm



If you drive less than about 15K miles per year, like having a new car every 3-4 years that is always under warranty, and take good care of your cars, then leasing might work for you. Otherwise, don't do it.