I want to acquire a new car, should I finance or lease?

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When purchasing a new car, leasing is undoubtedly the way to go. FILE PHOTO | SHUTTERSTOCK

When purchasing a new car, leasing is undoubtedly the way to go. On the flip side, when considering purchasing a pre-owned vehicle, it may be wise to opt for financing.

Because of the way it is structured, leasing a car reduces your monthly payment. You pay only for the portion of the vehicle you use, resulting in a lower monthly payment bill.

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