<prompt> Human: The lease on my very first car is about to end, and I need to decide whether to buy the car or to lease a new car.The car is a 2016 Hyundai Sonata. I have been paying 262.00 per month and have accumulated 30,000 miles over 3 years. My buyout cost is 14,000. I dont believe there is anything inherently wrong with the car. I like it, and the car hasnt had any issues or accidents. At the same time, I dont know much about cars other than how to drive it from point A to B. You can call me the average joe who cares about safety, comfort, AC, and music. Although I can afford a slightly better car now that I make a bit more money and have settled into my job for a few years hooray, I honestly have no interest in cars. This means my goal is to not spend money where I dont need I dont need a BMW. Im okay with paying a few extra dollars per month but not with paying 100 extra per month. My other goal is to be able to get from point A to B safely since the rest of my family also uses the car. I actually use it the least. So personalfinance, should I just buy the car or start leasing a new car? Which is more cost effective?Ive also heard that dealers will knock off some dollars if I decide to buy out the car since it they have to pay fees to get it ready for the next user. I dont know if this is true, but do I have any negotiating power if I were to buy out the car?  <response>: Leasing is usually a bad call and the least cost effective way to own the car. Hyundais have a good warranty so buying it is probably a good idea. You dont have negotiating power as you agreed to the purchase prive when you leased. 