Getting a new car is exciting. At the same time, it can be pretty stressful, especially if your current car is on the fritz. Unless you’re opting for self-transportation (walking or biking) or third-party transportation (rideshare, train, or bus), you have two main options in front of you: buying or leasing. But that decision can be a tricky one to navigate.

In this episode, we go over the pros and cons of each, pose questions you should ask yourself when making a decision between the two, and go over the tax considerations at play.