Buying a car vs. buying a home is completely different. Right out of the gate, the value of your home will increase over time, while your car decreases as soon as you drive it off of the lot. Any improvements you make to your home and you will mostly see the return on investment, while regular maintenance is expected with cars, and not offering many upgrades, at least that would net a return. When buying a car, the goal would be to pay off the loan, and own the car for a while without a car payment, and if you ever sold it, getting the profit. At what expense though is it worth it? If you plan on keeping your car just shy of a decade and then hope you can get something for it? Only you can decide if it is better to lease instead of buy.
It will actually cost less per month to lease vs. buy. Just think, divide the cost of your car, divided by a typical 60 month payment terms. A new $45,000 Ford F-150 divided by 60 months would be $750 per month, and that is not even figuring interest, so that would be best-case scenario at 0%. With a lease, you could be driving the same truck for under $350 per month, depending on any discounts such as employee/family/friends, or lease loyalty. So essentially you would be driving a better car for $350 a month, as even figuring 0% interest times 60 months would be a $21,000 used car.
Much Lower Repair Costs
When you own your car, especially in its later years, you could be in the shop every other month getting it repaired. With a new lease, not only are repairs covered within the warranty, but if you lease for two or three years, you can most likely get away without repairing brakes or tires, which can be very expensive.
Drive a New Car More Often
The best thing about a lease is that once it is over, you get to get another new car, so essentially you can drive a new car every two or three years. The only con about leasing can be the mileage limitations, so make sure you have enough miles to last you the entire duration of the lease, so you could be paying a hefty fee when you turn it in.
The cheaper car payments and lower cost of maintenance can do a lot more for your pocketbook than you think! Just imagine taking an allocated portion of those monthly savings and investing them in binary options and watching the money compound and grow.