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When you’re looking for a new car, you’ll likely have the choice between buying or leasing. While both options will get you behind the wheel of a new vehicle, they come with distinct pros and cons that could impact your finances for years. 

Whether you're a first-time car shopper or a seasoned buyer looking to make a change, understanding the differences between buying and leasing can help you make the choice that best fits your lifestyle, budget, and long-term goals. Here, we'll break down the essential factors to consider before signing on the dotted line.