Once the loan is paid off, the car is an asset. You can drive it payment-free for years or sell it to recoup some of your initial investment.
Leases come with strict annual mileage limits (often 10,000 to 15,000 miles). If you have a long commute or enjoy road trips, buying eliminates the fear of "overage" fees. when is it better to lease vs buy a car
Owners can modify their cars or ignore minor cosmetic dings. In a lease, you must return the car in near-pristine condition or pay "excessive wear and tear" penalties. The Financial Turning Point Once the loan is paid off, the car is an asset
Buying a car—whether with cash or a loan—is a play for long-term equity. It is the superior choice for drivers who plan to keep their vehicle for a decade or more. Once the loan is paid off