Student permit: Car Lease or Buy own car?

[showdog]

Hi folks,

I just want to ask your advice which will be better and will give more savings. Buying own car or leasing in Ontario?

Thank you.

 

[baileybrooks]

Hello..
In my opinion got for the car lease as it will be the best option to save the money. I have also taken it from the last year and every month some installment is given to the company according to the agreement.

 

[Leon]

Personally, I would buy a car that is a few years old already. However, if you want a new car, you should read this article about buy vs. lease: http://www.theglobeandmail.com/globe-investor/personal-finance/lease-or-buy-a-car-whats-the-better-option/article565403/