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Leased cars are almost always under the manufacturer’s bumper-to-bumper warranty for the duration of the lease. This makes your monthly transportation costs extremely predictable. When you own a car, you eventually become responsible for the big-ticket items—timing belts, transmissions, and tires—once the warranty expires. The Verdict
You are essentially "renting" the car’s depreciation. Your monthly payment is calculated based on the difference between the car’s price today and its projected value in three years (the residual value), plus interest and fees. Since you aren't paying for the whole car, the monthly payments are significantly lower. car lease versus buy analysis
You want a lower monthly payment, you drive a predictable number of miles, you want the latest technology, and you don’t mind a perpetual car payment in exchange for peace of mind. Leased cars are almost always under the manufacturer’s
If you are the type of person who wants the latest safety tech and a fresh warranty every three years, is designed for you. It automates the cycle of upgrading. The Verdict You are essentially "renting" the car’s