human
What are the pros and cons of buying a car vs leasing one?
assistant
Pros of buying a car:
 • You will own the car and can personalize it as you like
 • You can sell it or trade it whenever you desire
 • You will have no mileage limits or fees

Cons of buying a car:
 • High up-front costs, including the cost of the car, taxes, fees, and insurance
 • You will need to pay for all repairs and maintenance

Pros of leasing a car:
 • Low initial cost
 • Generally less expensive than buying a car
 • Your monthly payments might be reduced if you make a large down payment

Cons of leasing a car:
 • You will have a mileage limit that can incur fees
 • You will generally have to pay higher interest rates
 • You will not have the opportunity to own the car after the lease is over