Looking for a New Car? What You Should Know About Leasing vs. Owning

Looking for a New Car? What You Should Know About Leasing vs. Owning
Freelance automotive journalist Stephanie Wallcraft is shown in a handout photo. The Canadian Press/HO
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Leasing a car is a unique financial arrangement and while it has its perks, experts say it suits a fairly slim group of people.

The biggest draw for leasing is lower payments, and on a shiny new car no less. This is usually what hooks drivers on a tight budget.