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Sara Routhier, Managing Editor and Outreach Director, has professional experience as an educator, SEO specialist, and content marketer. She has over five years of experience in the insurance industry. As a researcher, data nerd, writer, and editor she strives to curate educational, enlightening articles that provide you with the must-know facts and best-kept secrets within the overwhelming world o...

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Joel Ohman is the CEO of a private equity-backed digital media company. He is a CERTIFIED FINANCIAL PLANNER™, author, angel investor, and serial entrepreneur who loves creating new things, whether books or businesses. He has also previously served as the founder and resident CFP® of a national insurance agency, Real Time Health Quotes. He also has an MBA from the University of South Florida. ...

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Reviewed by Joel Ohman
Founder, CFP® Joel Ohman

UPDATED: Oct 21, 2021

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The ageless debate over renting versus buying a home, there are passionate advocates on both sides of the buying versus leasing a vehicle argument as well. Loans.org hopes to set opinion aside and let the numbers do the work.

What’s the determining factor to take out an auto loan or steer away from ownership? The ultimate cost of buying versus leasing.

Potential borrowers should consider the price of their desired vehicle and the term in which they will either lease or make car loan payments on the automobile. Then by comparing the monthly and long-term costs, you can calculate which option is in your best interest.