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  1. Aug 23, 2024 · While they are trending lower, new-car prices still remain high. With a lease, buyers make a monthly payment to drive a new car for a set term. That payment is often less than the...

  2. Nov 10, 2022 · Higher monthly payments: When you finance a car, the monthly payments are usually much higher than lease payments. If you’re on a tight budget, leasing might be a cheaper option.

    • Finance & Insurance Editor
  3. Sep 20, 2024 · The lowest overall cost is to buy a car and keep it for a long time. But leasing usually has lower monthly costs. And leasing an E.V. may come with a tax break.

  4. Jul 5, 2020 · Weigh the pros and cons of financing a new vehicle versus leasing, and learn how to recognize a good lease deal.

    • Senior Editor
  5. Oct 7, 2024 · Leased vehicles have broader eligibility than purchases for a federal clean-vehicle tax credit (up to $7,500), since leased EVs and plug-in hybrids are classified as commercial vehicles. This...

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  7. Nov 3, 2023 · Leasing typically has a significantly smaller monthly payment than financing a car purchase because you're essentially renting the car instead of buying it. As such, leasing could...

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