Buying or leasing a car

While going through the process of deciding whether to buy or lease a car, I decided that buying was the better option. For buying you get to own something and you keep it until it’s unusable and get a new one 10 years later. It’s cheaper in the long run and you can customize the car if you want. If you need money, you can sell the car and get a cheaper one but if you have a lease, you don’t get any money if you cancel. Buying a car is better because it is cheaper and you get ownership in a vehicle which is much better than using a vehicle which is not yours.
While working on this assignment I learned the different aspects of buying vs leasing a vehicle and how they can benefit people differently. I also learned that leasing a vehicle doesn’t make sense if you have enough money to buy because you will be wasting your money if you do so.

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