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Leases and loans are simply two different methods of automobile financing. One finances a portion of the vehicle; the other finances the total vehicle. Each has its own benefits.

It's not possible to simply say that one is always better than the other because, well, it depends on your own particular situation and preferences.

If you view your auto as an investment, than financing the total vehicle is probably the better option.

If you view your auto as a monthly expense and get a new automobile every two to three years, leasing is probably your best option.

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