When you’re in the market for a new vehicle, you’re faced with a big decision: should you lease or buy? If the answer was cut-and-dry there probably wouldn’t be the option to lease. Which begs the question, should you lease your car vs. own it? Here are the pros and cons of leasing vs. owning a car to help you decide: Leasing a Car If you lease, you are essentially renting it. You make payments on the vehicle over a period of time and return the car at the end of your lease.