I am sure that whenever you see a new model of car in the market, the first thought that will come into your mind is that whether it is feasible to buy a car or leasing a car is the best option. In this blog, I tried to solve your confusion and helps you to take a decision.
It is better to invest your hard earned money to purchase a car only if you drive that car for many years, but if you are a person, who like to drive every new model of car in the market for a short period of time and start searching for a new car in the market than leasing a car is the best deal for you. If a car has good resale value in the market then buying a car would be a beneficial option for you, but if you do not want to lose the amount that is deducted during the resale of care due to depreciation in the cost of the car then leasing is the better option for you.
If you lease some car then you can drive that car till the lease period last and return the car to the car leasing company but if you own a car then you have to drive the same car till you resale it or buy some other car.
If you own a car you do not have option to return the car if you do not like driving that car but if you lease a car you can return the car if you do not like the car and lease some new car.In such case leasing a car would be a cheap and best deal for you.