Leasing a vehicle may seem more attractive. It is true that the financial conditions are often more advantageous at the time. You also have the option to choose the length of the lease and most of the conditions surrounding the ownership of your new vehicle. Often, from a tax point of view, it is advantageous for some people to lease, but your accountant will be able to tell you if this is the case for you. Another undeniable advantage is that the monthly costs of leasing are often lower than those of buying.

However, leasing is more for you if you are a little less adventurous. Most leases contain mileage limits that must be respected, or a charge will be added to your bill at the end of the lease. You also know how much your vehicle will cost you and how much you will have to pay to keep it at the end of the contract. Not to mention that with a lease, you always have a recent vehicle covered by a warranty. However, you should know that with leasing, you are not adding any equity to your file, that is, no additional value to your possessions.

Buying can be an interesting solution for you since it allows you to add value to your possessions. In addition, you can structure your payments by structuring your loan term and looking for the best interest rates. Some car buyers opt for long-term loans of six to eight years to benefit from a lower monthly payment. Another good news is that you can sell your vehicle at any time, pay off your loan and start over.

Of course, the main advantage of buying a car is that once the payments are completed, you have a debt-free car. It adds to your estate, and you can keep it for a longer period of time, thus ensuring a few years without additional payments. You can also use it as a trade-in when you buy your next vehicle, which will lower the total cost. Finally, forget about worrying about mileage. You own the car, you can drive it as far as you want.