Car buyers are given two options when it comes time to finance their car: They can buy the car, or they can lease it. Buying means the car is yours when you’re done paying for it. Leasing is like renting the car for a set amount of time, like you would a house or apartment. You have to return the car to the dealership at the end of that term.
Both financing options have their perks, but for now we’re going to focus on leasing.