<prompt> Human: After stopping by Honda - here are the breakdown of the numbers:0 down today buying a house in the next 12 months16k purchase priceTitle, taxes and fees rolled into monthly paymentsExtended warrantyTotal loan right around 20kMonthly payments 370 for 5 yearsSame exact CR-V model lease, new, with 0 down - 300 for 3 yearsIn this situation, is leasing better than buying?editThank you for all the quick responses - this one convinced me that buying is the winner over time - uCyclonitronAssistant: After 5 years and paying off that car, you own it. After 5 years, you could sell or trade that CR-V in for say 7,500 honestly bet you could do much better with a Honda if you maintain it well. After 3 years leasing, you have nothing. Turn in the car, have to get a new one. No trade in, no equity. If you just need a new car every few years and barely drive at all because leases have super low miles these days, then leasing may be for you. Owning is usually a better long term financial decision, though.Human: 21600 fixed cost over 6 years of leasing at 300 per monthat least 22200 to buy the car over 5 years, without one or two trips to the mechanichow long is long term? it seems silly to pay all of that money over 5 years, to then flip the car and then trade in cash to get a new car and have car payments again  <response>: it seems silly to pay all of that money over 5 years, to then flip the car and then trade in cash to get a new car and have car payments againThen dont flip the car. If you own, you have that option.If you lease, you dont. 