To Buy Or To Lease

[Ric.ror]

Which do most people do?

[ToraToraTora]

Buy.

[Ric.ror]

I was thinking of cars (typed it on the bus)!!
My son is keen to lease one but I think buying is still the best option

[BRIGHT SPARK]

It depends on your buying habits.If you want a new car every 2-3 years and look after it then leasing or contract hire can be significantly cheaper than buying ..especially when depreciation is considered.If like some you want a used car, tend to keep it till the wheels fall off and treat it like a skip..then buy it. The tech in most cars today makes them undesirable outside warranty. I would never wish to own an expensive depreciating asset.You need to do the sums and be realistic with future values.

[Buenchico]

A good summary of the main pros and cons:
http://www.safermotoring.co.uk/pros-cons-car-leasing.html

Information about different types of leasing:
https://www.whatcar.com/car-leasing/car-leasing-guide/whats-the-best-type-of-personal-car-lease-for-me.php