When you lease a vehicle, you're only paying for the portion of the vehicle you use over the course of the lease, which usually lasts two or three years. Because you're not making payments based on the entire value of the car, your monthly payments will be lower. There are very specific stipulations about the number of miles you can drive a leased car, the condition the car must be in when it's returned, and penalties associated with ending a lease early, so it's very important to read a lease agreement carefully. As with buying a car, there may also be various finance charges and fees associated with leasing a car.
Buying a car is more economical in the long run; if you plan to keep your vehicle for ten years and continue to maintain it properly, it is less expensive than leasing several vehicles in the same length of time. There's also, of course, no limit in how many miles you can drive and you can sell it whenever you please. Simply put, you can use your car in any way you need for as long as you need. It is also a good feeling to own a car. That feeling of ownership can mean a lot to certain customers.