Starting the new year with a new ride? Unless your stocking was full of cash during the holidays, you’ll have to decide whether to lease vs. finance your new car. Each comes with pros, cons, and insurance needs. Leasing offers lower payments, but strict mileage limits and no ownership. Financing costs more per month, but you own the car outright and you can drive as far as you want. Lenders for both require full coverage car insurance, but leases mandate higher liability limits. Here’s how the two options ...