Can you tell me when it is cheaper to buy or lease a vehicle?
user
The “vehicle lease” concept can be tricky, because you also need to consider maintenance costs over the life of the lease.  That said, here’s what I find from a bunch of recent automotive lease articles and industry studies:  

On average, leasing a car for a one-year term costs ~5% more than buying it outright, which we’ll call the “cost of acquisition.”  If you’re leasing for more than 3 years, it will tend to cost more than buying.  However, if you don’t plan to buy the car when the lease is up, the costs can be lower than the cost of buying.  

Here’s a figure that summarizes the findings of a bunch of auto lease studies.  Notice that the more years you lease, the more the cost of ownership rises above
assistant
Can you tell me when it is cheaper to buy or lease a vehicle?
user
The “vehicle lease” concept can be tricky, because you also need to consider maintenance costs over the life of the lease.  That said, here’s what I find from a bunch of recent automotive lease articles and industry studies:  

On average, leasing a car for a one-year term costs ~5% more than buying it outright, which we’ll call the “cost of acquisition.”  If you’re leasing for more than 3 years, it will tend to cost more than buying.  However, if you don’t plan to buy the car when the lease is up, the costs can be lower than the cost of buying.  

Here’s a figure that summarizes the findings of a bunch of auto lease studies.  Notice that the more years you lease, the more the cost of ownership rises above
assistant
Can you tell me when it is cheaper to buy or lease a vehicle?