<prompt> Human: Hi guysMy 20 year old car just died on me, and I am thinking about getting a replacement. Now I only have limited budget, and I see cars just as transportation and for certain I do not plan to borrow any money to get a car.Now my question is this, which one is worth it, buying or leasing? New cars are expensive, so I am limited to used cars. I have looked at Craiglist and Carmax, and either they are also too expensive 10,000 for a nice mileage used car, or that I have to do a lot of homework just to make sure the car is okay and I am an amateur about buying autos. Also, with my old car dying suddenly on me, I am now a little worried about driving any old car my old car has only 11k miles. Now that brings to the issue about leasing. I checked some dealerships online in my area, and an 2015 seden leases for 90 a month, for 3 years. It just seemed to good to be true, so now my questions are sorry I am a noob:1 I know usually they want you to sign for 3 year contract, is there penalty to breaking it earlier, and am I required to pay the remaining months? 2 What insurance covers for leased vehicles? I have my own insurance on my old car, so I guess I add another vehicle under my name? 3 I heard about restrictionspenalties such as cant drive more than 10k miles a year, are there any dangerspenalties that I should know about?4 Big picture wise is it better to lease or own a new car? It seems that you have to own a new car and drive it for 10 years or more to get your money worth, else its cheaper just to lease. Am I right here??Thank you very much!  <response>: Leases usually require a few thousand dollars down, and they also have mileage restrictions. Most leases require you to carry higher insurance limits, which will result in higher insurance premiums. Hope this helps. 