I buy. Leasing is very popular here in SoCal.....explains all the Mercedes, MBW's, Lexus, Hummers, etc.

I spoke last week with a woman I worked with in Chicago. She leased (so she could drive a really hot car.... ) Her lease expired AND she lost her job. Now she has no wheels and no job to use on an application to either buy or lease.

My car is paid for. It will have 100,000 miles on it any day now. But at the end of my payments....I had something to show for it and something to get me around.