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Hello and welcome to Financial Face-off, a MarketWatch column where we help you weigh financial decisions. Our columnist will give her verdict, then you can tell us in the comments what you think.
The face-off
When you buy a car, you typically pay 20% cash up-front, then pay off the balance in monthly payments (with interest, of course). With leasing, you may have to make a down payment depending on your credit score, and you then make monthly payments for the duration of the lease, usually two to three years.
Leasing…