About this video, Mr. V examines two basic options when you need a new vehicle: Lease or buy.
You can purchase a vehicle with cash or through financing, or strike up a lease agreement with an auto retailer.
Leasing a vehicle provides you with short-term benefits without ownership, while buying is a much more serious commitment, but with greater long-term value.
Weigh your options closely before deciding to buy or lease a vehicle. Different options provide different incentives, advantages, and disadvantages over time.
Compare the opportunities for leasing or buying to your current financial situation to determine which is best for you.