Find out which option is better for your situation. Compares total cost, monthly payment, and net worth impact over 5 years. Free 2026 calculator.
In most cases, BUYING is better long-term. After loan payoff you have a paid-off car worth 5-10K. Leasing gives lower monthly payments but you build no equity, and total cost over 10 years is typically 30-50% higher. Lease ONLY makes sense if: (1) you want a new car every 3 years, (2) you can deduct it as a business expense, or (3) the lease deal includes free maintenance and you drive <12K miles/yr.