To buy or to lease?
Getting a car can make it easier to get yourself from here to there. You no longer have to wait for public transport, call a taxi, or ask somebody for a ride. Once you choose what type of car you want, you will need to decide how to pay for it: leasing or buying.
Leasing a car
When you lease a car, you do not actually own it. The car is yours to use and enjoy, but when the lease ends you must return it to the car dealership. In Canada, most people who lease a car take out a lease for 2 to 4 years. The time for which you lease a car is referred to as the lease term. Lease payments are made monthly.
The nice thing about leasing is that you get to drive a new or fairly new car. When your lease ends, your car dealership will probably invite you to lease the latest model of the same car or another vehicle of the same make. At this time, you can get another car on a 2- to 4-year lease.