What's the difference between leasing & financing a car? and IMF Managing Director meeting with Regional Finance Ministers

What's the difference between leasing & financing a car?

I wanna buy a car it cost $ 22.000 going to put $ 3.500 at signing and I want to make monthly payments on it. So have to lease/or finance it. Leasing is like renting and financing is buying. I'm planning to keep the car like forever but I don't know which one is an advantage. Explain which one is best for me.


Finance best answer:

Answer by Giggidy!!
If you plan on keeping it you should finance. However usually at the end of the lease you have an option to buy. At which point you may (or may not) be in a better financial position and can get a better interest rate.

Finance

IMF Managing Director meeting with Regional Finance Ministers


Image by International Monetary Fund
International Monetary Fund Managing Director Dominique Strauss-Kahn (L) speaks with the Finance Ministers of Uruguay (Center Left) and Bolivia (Center Right) as well as moderator Carlos Chirinos (R) after a televised round table event with Finance Ministers from Bolivia, Mexico, Paraguay and Peru. The round table, produced and televised by Canal N and broadcast in the region by Canal Sur was entitled "Latin America and the IMF: Addressing the Global Challenges Ahead" and was held at La Casona Cultural Center, Universidad de San Marcos, in Lima, Peru on May 27, 2010. IMF Photo/Thomas Dooley

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