: Often the cheapest way to borrow over the long term if you lack cash; you own the car outright and typically get lower interest rates than dealership offers.
: Essentially long-term rental. You never own the car and must return it at the end of the term, often with mileage restrictions. Smart Financing Rules 5 Tips For Buying A Car The Smart Way - NPR best finance to buy a car
: Features lower monthly payments because you only pay for the car's depreciation. At the end, you can pay a large "balloon payment" to own it, return it, or trade it in. : Often the cheapest way to borrow over