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What is the difference between leasing and buying a car?

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Melloblue

A lease requires a monthly payment for the use of another's vehicle (here, the dealership) . . . The title and ownership of the car remain with the dealer and you must return it after the agreed upon term.

When you buy a car, the title transfers to you and you "own" the car. Of course, if you borrow money to buy it, the person or company you borrowed it from will have rights in the car until the loan is paid off.

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Thank you just curious
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Leasing is for people who want and can afford a new car every couple of years. If you can't afford a new car every few years, you are much better off buying the vehicle

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most of the time when you lease a car you will likely face a final 'balloon' payment that can be thousands of dollars and all sorts of fees when you turn it back in

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