SHOULD I LEASE OR PURCHASE MY NEXT CAR?

If it's time for a new vehicle, you have three options: lease, buy new or buy used. Leasing gets you into a brand new car with lower payments; plus, when your lease term is up, you can hop into another new vehicle. On the other hand, buying a car is gaining an asset; the payments you make are investments in eventual ownership. Find out which option is right for you with the calculator below.

Good to Know: How many miles you plan to drive is a big factor when leasing. Be sure to calculate your anticipated annual mileage.