It can be a tough to choose between buying and leasing, as both come with their advantages and drawbacks. Here, we'll draw out the major pros and cons.
Buying
Pros:
·        Pride of ownership, which is unquantifiable
·        Cheaper if you drive it until the wheels come off, or if you buy used and resell
·        You can drive it as far as you want and modify it as much as you please
Cons:
·        Down payment and monthly payments are higher
·        Repair costs may begin to pile up once the warranty expires
·        You'll have to worry about depreciation
Leasing
·        Down payment and monthly payments are considerably lower because you only pay for the value the car loses over the lease period
·        Lower repair and maintenance costs, as the factory warranty will in most cases last during the entire lease period
·        If you string leases, you get to drive a new car every time
Cons:
·        If you string leases, it becomes more expensive than buying in the long-term
·        You can't modify the car and there are mileage limits
·        You'll be required to purchase premium insurance
·        Terminating a lease contract early may be more expensive than simply carrying it out