A major dilemma facing many new car buyers is whether they would be better off leasing rather than purchasing. While part of the answer is based on individual preference, there are many good reasons why leasing may be a better option. First off, let's examine why someone may want to buy a vehicle outright rather than leasing it. Keeping a vehicle for an extended period. If you intend to hang onto your new vehicle for five years or longer, you will probably be better off purchasing it.
Most leases run for two to four years.
The heaviest depreciation takes place during that period. If the purchaser keeps his vehicle beyond that time, its maximum depreciation is past. And, after 60,000 miles, ordinary maintenance costs will rise dramatically. Buying for cash. Frankly, the only real argument for buying rather than leasing a vehicle is if the buyer is prepared to pay cash.