Leasing Advantages:

• Little or no down payment.
• Significantly lower monthly payments (up to 50%) so more of your cash is available for other purchases.
• More car for less money.
• Driving a newer vehicle means less maintenance worries.
• Sales taxes paid over term of lease.
• Businesses maintain cash position, conserve capital and receive tax
  advantages.

Buying Advantages:

• Equity and ownership (in a depreciating asset).

Leasing Disadvantages:

• No equity/ownership in the vehicle.
• Potential incremental end-of-lease costs (excess wear and tear and
  additional mileage charges).

Buying Disadvantages:

• Higher initial cash outlay.
• Higher monthly payments.
• Fewer dollars available for other uses.
• New tax laws eliminate advantages of owning:
• Sales tax is no longer deductible.
• Finance interest on conventional loans is no longer tax deductible.
• Investment tax credit has been eliminated.