Which is better, leasing or purchasing a new car?

If you asked me that question eight months ago my answer would have been a shrug of the shoulders. My philosophy was, why lease when you had nothing at the end. Owning a car gave me something of value to sell or trade.  Correct? Maybe.      

Trust me; I haven’t mastered the leasing process. Although I’ve learned enough to
know the basics of leasing and what should be considered when choosing between
a car lease and purchase.

In a nutshell:
If you drive from Boston to Vermont every day…you might not want to lease a car.
If you like doing the maintenance on your car…you might not want to lease a car.
If you name your car and get attached easily…you might not want to lease a car.

However,
If you typically drive 10, 12, or 15 thousand miles a year…you might consider leasing a car.
If want to have the latest and greatest…you might consider leasing a car.
If you like change…you might consider leasing a car.

I have always purchased a car, but that may be changing very soon.

For more information, the link below provides much greater insight about the difference in leasing
or purchasing a car.  http://auto.howstuffworks.com/buying-selling/buy-or-lease.htm

Do you lease or purchase a car?