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You should consider your driving needs and preferences to determine if you should buy or lease a new car.

If you just like to drive the newest, latest model with all the bells and whistles, leasing is easier and it is always under warranty. Leasing also provides a feeling of security for the same reason - new car, under warranty.

On the other hand, if you are on the road a lot, buying may be a better choice. Leases generally allow 12,000 miles per year. And if you prefer to keep a car a long time, buy it. The savings are great long term. Also buy it if you want to customize it in any way. That's forbidden on a leased vehicle.

If you are not sure how long you'll need the car, buy it. It is easier to sell a car than to get out of a lease contract.

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Saving money

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