When looking for a new car, the two main options that you will have are to either buy or lease the vehicle. While most financial experts agree that buying a car make more financial sense, there are many cases when leasing is the better option.
One situation when leasing makes more sense is when you want a new car, but don't want to pay a lot for it. Monthly lease payments on a car are typically less than half of the amount that you would pay in auto loans for the same car. This can make leasing far more affordable if you want a new car.
Leasing also makes sense if you do not want to commit to a car for a longer period of time. For those that have changed to their lives coming up, which could impact the type of car you need, leasing is a much better option as it comes with a limited commitment.