Emily's friend, Rachel, had recently purchased a new car and swore by the benefits of ownership. "When you buy, you're paying for the entire value of the vehicle," Rachel explained. "Once you've paid off the loan, the car is yours free and clear. You can sell it, trade it in, or keep it for as long as you like."

After weighing her options, Emily decided that leasing was the best choice for her. She drove a lot for work and wanted to take advantage of the lower monthly payments and warranty coverage. She also liked the idea of driving a new car every few years.

Buying a car also allowed Emily to build equity, which could be used as a trade-in or sold for cash. Additionally, there were no mileage restrictions or wear-and-tear fees, giving her the freedom to drive her car as much as she wanted.

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