If you know you are keeping the car, finance it. If you know you don't want to keep it for a long period of time, lease it and get another one or finance the next. Me personally, I never liked leases. If you do decide to keep the car, you have to complete a lease buyout and basically start your loan over again.
You don't start the loan all over again, its like doing a refi.
Leasing is like have a ballon payment at the end of the term, you can just pay it off when its up or refi.
Do you have to refi or buy it out? I thought you could just turn the car in to the dealer?
Buy if you can, if you can't, save up and BUY! Lol..
Would REALLY depend on your personal interests though. If you are not attempting to keep up with the Jones' or if you aren't subject to 'wanting' an expensive vehicle or a brand NEW vehicle, then it would be wiser to buy.
Hi MovingForward, wow, great info....THANKS!!
So, I guess I'm looking at luxury type cars. I'm pretty sure I either want an Audi Q5 (either the 3.0 Prestige or the Hybrid) or a Volvo XC90. It does seem like a cheaper way to get these cars but I've never leased and it seems complicated. Makes me nervous.