Is It Better to Buy or Lease a Car? It Depends.
Published On Sep 20, 2024, 9:00 AM
The article discusses the decision between buying and leasing a car, noting that while buying a car typically results in the lowest overall cost if you keep it for a long time, leasing may provide lower monthly payments and tax incentives, especially for electric vehicles (E.V.s). The average car loan interest rates are currently high, but there have been recent cuts by the Federal Reserve that could help reduce borrowing costs in the future. The piece also highlights that many drivers opt for financing due to high vehicle prices, which remain elevated compared to previous years.