Leases look cheaper because you pay only for depreciation – but you walk away with nothing at the end.
Key Takeaways
- Leasing = lower monthly, no equity
- Buying = higher payment, you own it
- Mileage limits punish lessees
Monthly Payment Myth
Leases look cheaper because you pay only for depreciation – but you walk away with nothing at the end.
Ownership Math
A loan costs more monthly but builds an asset you can sell or keep for years.
Hidden Lease Costs
Over-mileage fees and wear charges surprise many lessees at return time.
Quick Comparison
| Loan | Lease | |
|---|---|---|
| Monthly | Higher | Lower |
| End of term | You own car | Return car |
| Mileage | Unlimited | Capped |
Frequently Asked Questions
Which is smarter in 2026?
If you keep cars long, buy. If you want a new car every three years and drive little, lease.
What about used?
A 2-3 year old used car often beats both on total cost.