Buying an asset or a vehicle means paying off the entire sum of money that is the cost of the asset at the time of its purchase.
Leasing an asset means purchasing an asset by not paying the entire sum of money at the time of purchasing, rather paying in the form of rent over the period of time.
If a person wants to purchase his dream car for keeping for many years, then Buying Option is better because the payment of the overall cost in buying will be less than leasing.
This will also provide benefit that at the time of sale the owner will be paid off higher value of car as compared to car taken on lease.
For more information about leasing and buying, please refer to the link:
https://brainly.com/question/19843028
