Leasing vs. Buying: What’s the difference?

What's the difference between leasing vs. buying? Buying a car means that the driver owns the vehicle they purchase. There are no limits on how far or how often they can drive it. And they can customize or resell it if they want. When leasing, a driver pays a monthly fee to drive what's typically a newer car. At the end of the lease term, the vehicle is returned to the dealership.

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UPDATED: May 10, 2022

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