The decision between leasing and buying a car in 2026 primarily depends on how long you plan to keep the vehicle and your annual mileage. is generally the better long-term financial move if you keep cars for more than six years. Leasing offers lower monthly payments and easier access to new technology but typically costs more over time. Quick Comparison Table Ownership You own the car (eventually) You "rent" it long-term Monthly Payments Usually higher Usually 20–30% lower Upfront Costs Higher (10–20% down) Lower (often $0–few months) Mileage Restricted (often 10k–15k/year) Equity You build equity No equity built Maintenance Your responsibility after warranty Mostly covered under warranty When to Lease
A Guide to Leasing vs. Buying a Car: Pros and Cons - MyCar.ca lease a car or buy a car
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