Should I lease or buy an SUV for my family?

Leasing makes sense for most families who want updated safety technology every 3 years, prefer predictable monthly payments, and want to avoid major repair costs as the vehicle ages. Buying is the better long-term play if you plan to keep the vehicle for 8 or more years and drive it into high mileage. Family SUVs depreciate faster than most vehicle types, which generally favors leasing if your lifestyle and driving habits are likely to change over the next few years.