erich, I would always recommend buying. There are far too many restrictions on leasing and regardless of the hype, leasing still requires thousands of dollars at closing (look at the fine print in the ads). Also, the leasing companies will hit you with a ton of charges for minor things (dings, worn seats, worn carpet, etc) when you bring your vehicle back in. Plus, you can usually never modify any part of the car (add better stereo, add mods, etc) to personalize it. The big argument against buying has been the cost, but there are a few different types of auto loans where the interest is tax deductible. Of course there is the home equity loan, but some banks also offer the Tax Smart Auto Loan, which is a secondary lein on your home, regardless of if you have any equity in your house. In addition, the 'residual value' that dealers assign to autos at the end of the lease are usually ridiculous. So if you want to keep the car at the end of the lease, you will be paying a much larger amount than blue book. The only time I would ever lease would be if I purchased a car for work, because this can be written off as a business expense.
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