The biggest benefit of leasing a car rather than buying is that you can usually get more car for your money by leasing. A lease involves paying the depreciation on the car rather than the entire purchase price. … Leasing also benefits drivers who don’t have much money saved up for a down payment.

Monthly lease payments are generally less expensive than monthly car loan payments. However, with each loan payment, you can build up equity for the future when you decide to sell it or trade it in. Buying a vehicle and driving it for several years after you pay it off can be the cheapest way to own a car.