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Speaking of new cars only. If you own a profitable biz and can write it off leasing is good. if you need lower payments and can't afford down payments leasing is good. though if money is that much of issue should probably not be shopping for a new car. ;)
If you are they type to hold on to a car for 5-10 years and do not need to have the newest, hottest car you see then you will always do better buying IMO.
pros and cons to both for sure and all depends on your personal interests and financial situation.
If money is not really a concern then an old rule of thumb is lease depreciating assets and buy appreciating assets.
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