<prompt> Human: Im a recent college graduate who wants to learn more about personal finance. Ive heard a lot about buying houses vs. renting houses and all that, but nobodys explained to me the relative advantagesdisadvantages between buying and leasing a car.Yes, I know that buying a brand new car is dumb - if I buy, itd be certified used or something along those lines. In this circumstance, would leasing EVER be a good idea?I just always assumed that buying was better. Could you guys help explain? Thanks :  <response>: I think if you think buying a new car is dumb, then leasing is even dumber.Buying a new car every 2 years is dumb. But buying a new car and planning to drive it 12 years isnt that poor of a choice anymore. Over the life of the car, the cost isnt that different, and the peace of mind of having a long warranty period and knowing the service history of your car is worth something. Buying the right used car is almost certainly cheaper, but not every new car purchase is dumb.The price drop for late-model used cars isnt what it used to be partly due to leases!. In general, leasing is worth considering if you must have a new car every 2-3 years. If youve already decided that buying a brand new car is dumb, then leasing isnt good either. 