Most people are convinced that leasing a car is like renting, and feel that you have to actually buy the car to make it yours.
In a way, that's true. A lease is a contract, wherein the lessee (that's you) pay the lessor a monthly payment for a designated term. At the end of that term, the lessee has the option of buying the car at a greatly reduced amount, since they have already paid it down to a lower level through the lease payments. They can opt for a new vehicle or continue and buy the car.
With a straight out purchase, you sign an agreement with a bank or credit company, and they pay the dealer for the automobile, and you pay installments. When all of the installments are paid, you own the vehicle, and now you can keep it or trade it in or sell it.
Those are the basic differences between the two. The best thing, if you are still undecided, is to see your local dealer and discuss the options with the dealer. They will help you decide based on your finances, your needs, and your options.
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Finance