Buying is generally the more economical choice if you plan to keep the vehicle for more than five to seven years. :
: Annual mileage, estimated maintenance costs, and insurance premiums.
: You have no equity when the lease expires unless you choose a buyout.
: For buying, you must estimate the car's resale value at the end of the term. For leasing, this is often the predetermined buyout price.
: Businesses and professionals can often claim lease payments as a fully deductible expense. Cons :