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Should I lease my next car?

Lease my next car?
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Lease my next car?

If your clunker of a car is gasping its final breath, you are probably in the midst of deciding whether to lease a car.

There are pros and cons to either leasing or buying, but financial experts say buying and keeping a new car for the long term is usually the better deal. No matter which scenario works best for your individual needs, you should negotiate the deal, says Dayana Yochim, a consumer finance expert in Alexandria, Va.

"First negotiate the price of the car, then negotiate the trade-in value -- if you have a car to trade -- and then you can talk about how you want to finance the car," Yochim says. "Even with a lease, everything is negotiable."

Here are six things to think about before you decide: Should I lease my next car?

CALCULATOR: How much could you save by leasing a car?

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