The majority of car buyers choose to take out a loan to pay for their new car. Just like a lease, you will make monthly payments until the loan balance is paid in full. When the loan is paid off, the car belongs to you outright. You will also need a down payment, typically between 10-20% of the total car price.
Buying a car also gives you the freedom to drive as much as you want and make any modifications to the car. However, as your car ages, you will have to pay for any needed maintenance that is outside your car’s warranty.