Shopping for your next new car can be exciting, but it can also be an overwhelming process. There are many choices to be made and many questions to answer. One of those questions is: Should I buy the vehicle or should I lease it?

Every new car buyer has to weigh the pros and cons of leasing vs. buying, and they have to decide which is right for them. So, to help with that decision, we’ll examine the advantages and disadvantage of leasing vs. buying a car. We’ll cover some of the terms and language you should be familiar with when making this important decision, and we’ll discuss the financial realities of each.