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Deciding whether to buy or lease: How important is owning?

For many shoppers, trying to choose between leasing or buying a car or truck is often an incredibly difficult decision. The reality is that buying and leasing both have relative positives and negatives; the first thing to consider when you're shopping is how much the idea of "ownership" matters to you. For certain shoppers, being the only owner of a car is hugely important; among other things, ownership means being able to customize your car if you want, and you'll only answer to yourself if there's any sort of accident or damage occurs. For other shoppers, however, leasing might be more attractive than owning. Leasing allows drivers to simply enjoy a new car every few years when a lease expires, and many lessees can drive nicer cars than they might otherwise be able to afford, as upfront costs are typically lower than buying a vehicle.