Car shopping can be so exciting. You cruise into the dealership, dazzled by the sunshine bouncing off the hoods of the latest models. You think about all of the accessories you’d like to add and the first drive you’ll take to show off your new baby.

Then reality sinks in. Can you afford the car of your dreams? What if you just lease it instead of buy? There are people in two separate camps: those that swear they’ll never lease, and those that swear they’ll never buy. Where do you fit?

Leasing a car allows you pay off the car’s depreciation instead of its full value, typically allowing you to take advantage of monthly payments that are lower than buying over the same term. This also means at the end of the lease term, you’ll return the car to the dealership and have to select another vehicle. Leases also typically come with mileage restrictions, and the car will need to be in reasonable shape when it is returned.

Buying a car will ensure that once that car is paid off, you own it and can be payment free. The car is also yours, meaning you can get a custom paint job and take as many cross-country road trips as you please without worrying about paying extra fees.

At the end of the day, only you can make the final decision on whether to buy or lease a car. Just remember to weigh your options carefully and to always ask questions if you’re unsure about payment options or legal agreements. Also be sure to check all 3 of your credit scores so you have a general idea of what kind of financing terms you’ll be offered. Bear in mind that whether you choose to buy or lease, your credit scores are likely to be a key factor when you try to negotiate a deal. People who assume that their credit scores won’t be a consideration when they apply for a lease may be in for an unpleasant surprise . The higher your credit scores, the greater your chances of being approved for the best lease rate or low-interest car loan.

Do you have any car buying or leasing advice to share?