Nina Pineda joins the Mornings @ 10 team to talk about the pros and cons of buying versus leasing a car.If you're in the market for a new car and went looking recently you may have had sticker shock.
If you're weighing whether to lease or buy, you want to think about if you are driving in the suburbs or if you commuting and putting a lot of miles on your car. When you are shopping and deciding whether to lease or buy, first you need to know how much you are driving. On the downside, you are making endless car payments. You may have an early termination fee and mileage restrictions as well.Eventually, you'll have no payments and own an asset that you'll have the option to one day sell or trade-in.