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. In this case, the buyer obviously is in a position to save on financing and interest charges. But if the purchase is to be financed, the buyer should at least consider the option of leasing.
Monthly payments are also usually lower when leasing.
Pride of ownership. This is rather abstract but often cited reason for buying a vehicle. Upon analysis, however, the lessor also has the option of owning by purchasing his vehicle at a predetermined figure when the lease expires. But, unlike a buyer, the lessor is not obligated to do so. If you will be doing a lot of driving, say for business, you might be better off buying a new vehicle.