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Questions to ask before leasing a car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by offering you interactive tools and financial calculators, publishing original and objective content. We also allow you to conduct your own research and compare data at no cost - so that you can make sound financial decisions. Bankrate has partnerships with issuers including, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website come from companies who pay us. This compensation could affect how and where products appear on the site, such as such things as the order in which they may appear in the listing categories, except where prohibited by law. Our loans, mortgages,, and other products for home loans. This compensation, however, does not influence the information we provide, or the reviews that you see on this site. We do not include the entire universe of businesses or financial offerings that could be accessible to you.
SHARE:
DuxX/Shutterstock
6 min read published September 30 2022
Written by Allison Martin Written by
Allison Martin's work began over 10 years prior to that as a digital content strategist. Since then, she's been published in several leading financial media outlets including The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Credit.com.
Edited by Helen Wilbers Edited by
Helen Wilbers has been editing for Bankrate since the end of 2022. He is a fan of clear reporting that helps readers confidently land deals and make the best choices for their finances. He is an expert in small business and auto loans.
The Bankrate promise
More details
At Bankrate we strive to help you make better financial choices. We adhere to the highest standards of ethical standards ,
This post could contain references to products from our partners. Here's an explanation for how we earn money .
The Bankrate promise
Founded in 1976, Bankrate has a long history of helping people make wise financial decisions.
We've earned our reputation for over four decades by simplifying the process of financial decision-making
process and giving people confidence that they can take the right actions next. Bankrate follows a strict ,
You can rest assured that we'll put your interests first. Our content is authored in the hands of and edited by
We make sure that everything we publish is objective, accurate and reliable. Our loans reporters and editors concentrate on the areas that consumers are concerned about the most -- the different types of lending options, the best rates, the best lenders, how to pay off debt and much more. So you can feel confident when investing your money.
Integrity in editing
Bankrate adheres to a strict code of conduct , so you can trust that we're putting your interests first. Our award-winning editors and reporters produce honest and reliable information to help you make the right financial choices. Our main principles are that we value your trust. Our goal is to provide readers with truthful and impartial information. We have standards for editorial content in place to ensure this happens. Our editors and reporters thoroughly fact-check editorial content to ensure that the information you're reading is accurate. We have a strict separation with our advertising partners and the editorial team. Our editorial team does not receive direct compensation by our advertising partners. Editorial Independence Bankrate's editorial team writes on behalf of YOU - the reader. Our aim is to provide you the most accurate advice to help you make wise financial choices for yourself. We follow strict guidelines for ensuring that editorial content is not in any way influenced by advertising. Our editorial team receives no any compensation directly from advertisers and our content is thoroughly verified to guarantee its accuracy. Therefore, whether you're reading an article or a review, you'll be able to trust that you're getting reliable and dependable information.
How we make money
If you have questions about money. Bankrate can help. Our experts have helped you understand your money for over four years. We are constantly striving to provide our readers with the professional guidance and the tools necessary to be successful throughout their financial journey. Bankrate follows a strict policy, which means you can be confident that our content is truthful and accurate. Our award-winning editors and journalists create honest and accurate content to help you make the right financial choices. Our content produced by our editorial team is objective, factual, and not influenced from our advertising. We're transparent about how we are able to bring quality content, competitive rates and helpful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or through you clicking specific links on our site. Therefore, this compensation may impact how, where and in what order items are listed and categories, unless it is prohibited by law. We also offer credit, mortgage and other home loan products. Other elements, such as our own proprietary website rules and whether or not a product is offered in your area or at your self-selected credit score range can also impact the manner in which products appear on this website. We strive to provide the most diverse selection of products, Bankrate does not include specific information on every credit or financial product or service.
The leasing of a car allows you to take a car on lease for a period of time without having to buy it. It's a great opportunity to buy a brand new car without fully committing financially. It's especially beneficial for those who drive less than 15,000 miles each year and don't have to worry about mileage overages. However, leasing can be a bit complicated. For the best price it is best to be prepared with some questions. 10 questions you should ask before leasing a car If you're thinking of not settling for the first offer you see. Make sure you are prepared by asking these questions first. 1. What is the total amount to be paid at the time I sign the lease? Before you sign a lease you should receive a detailed written description of all the fees you are required or likely to pay. Upfront payments could include a security deposit, title fees, capitalized cost reduction and monthly installments due at signing or registration fee. Knowing the amount due when signing the lease will help you avoid spending too much. Plus, knowing the price breakdown can assist you negotiate more effectively. The most important thing to remember
The amount you pay on usually is more expensive than the price you were enticed by to it, so make sure you get the list of fees prior to signing.
2. What is the length of the lease? A leasing firm will inform you how many payments the lease includes, how much each payment will be and when the payments will be due. The most common lease terms include 24 36, 48, 36 and 60 months -- however, you could also come across strange terms, such as 39 months. Some odd-month deals may be designed to confuse you. When looking through the leasing options, be aware that a longer lease offers lower monthly payments, but you will . Key takeaway
Consider your options prior to agreeing to a lease term and understand exactly how your term will affect the monthly installment.
3. What type of lease do I have to sign and what happens when it ends? There are two types: close-end as well as open-end. For a closed-end lease the leasing company decides on the total cost according to their estimation of the value depreciated by the vehicle. If your car depreciates more than expected during an end-of-lease, the only extra costs you are accountable for are the excess mileage and wear-and-tear fees. This is the most common kind of lease. If you sign an open-end or financial lease you have to cover the difference between the car's residual value and the actual value at the expiration term. If the car's value decreases more than expected, you may face a hefty charge at the expiration term. In both instances, make sure you read the fine print to ensure that you are not surprised by any additional end-of-lease payments. What you should take away from this is
Knowing the type of lease you're contracting helps you to better plan for your lease payments.
4. What happens if I want to purchase the car at the expiration of the lease? If you want to then, you might have the option to buy it in the amount of the residual value, or purchase price option included in the lease contract. But before you , compare the residual value to the retail value of the vehicle to find out if you're getting an excellent bargain. Also, evaluate the car's condition to assess if it's in good shape and hasn't been significantly depreciated. There's a chance that a buyout isn't worth the effort unless you're dealing with significant wear and tear fees or fines for exceeding the mileage limit. Key takeaway
The lessor may allow you to purchase your lease once the lease expiration date comes around, but you should run the numbers to ensure it makes financial sense.
5. What is the residual value of the car? The residual value of a vehicle is the value it is estimated to hold at the end of the lease. The leasing companies decide on what the value of residual is, though you can obtain an estimate on . Knowing this figure is useful since it's a crucial aspect when determining your monthly installments. The greater the value of residual in comparison to the vehicle's initial price, the lower the monthly cost. Additionally, certain automakers and lessors subsidize residual values as a to make your monthly payment more affordable. If, for instance, your car is worth $20,000 and should be worth $15,000 at close of the lease you'll have an amount that is lower than if you choose a $20,000 car expected to have a value of $10,000. In the second case the lender must recoup a larger portion of the value of the vehicle and will charge you more. Important takeaway
Knowing the residual value of a car will help you decide on the best type of car and which type of financing is best for you.
6. Will there be a wear-and-tear evaluation? Ask your leaser to inform you what method wear and tear is assessed when you return the vehicle. At the end of your lease, the car will be examined for exterior damage like scratches, dents and windshield cracks, and internal damage such as staining. The cost will be assessed for any damages that are excessive however you will not have to pay to have the car inspected. The law also stipulates that the wear and tear standards should be reasonable. The standards are based on the number of miles you traveled and any damage done to your vehicle. If your car has minor damages, getting touch-ups before your assessment may be worth it. What you should take away
Understanding how wear and tear will be determined will prepare you for any payments at the end of lease.
7. What is the money factor? What is the "money factor" refers to the total amount you'll have to pay in finance charges for the vehicle you lease. It's equivalent to the interest rate you'd be paying for a brand new vehicle. It's usually represented in tiny decimal. Multiplying it by 2,400 will show the annual percentage you're taking on for your lease. To illustrate, if you're approved for a lease with a factor of .0030, it's equivalent to an annual interest charge that is 7.2 percent. Your credit score heavily influences the cash factor, therefore, prior to going to the leasing office, you should be aware of your credit score. You are not able to bargain on this amount since lenders typically decide on it. The most important thing to remember is
A money factor isn't the equivalent to an APR, but it can determine how much you'll pay in addition to your lease amount.
8. What is the lease mileage allowance and what happens if I exceed it? A lease mileage allowance refers to the amount of mileage you are allowed to drive without additional charges. Leases usually allow 12,000 or 15,000 miles prior to when charges begin to accrue. Excess mileage fees can range between 10 and 25 cents per mile, which can quickly add up. Be aware of your mileage allowance and try to anticipate your driving habits throughout your lease. Any long road trips might cost you. While the mileage allowance is usually a negotiated amount, changing it could impact your amount. Important takeaway
If you exceed your lease mileage allowance, it is going to cost you.
9. What happens if I'm unable to make a lease payment? While it is not a common practice to fall behind on lease payments, it is important to be aware of what might happen if you miss the payment. In general, default will occur when you do not make three or more installments in consecutive days. Not paying your lease typically leads to and negatively affects your credit score, but every lessor deals with this differently. Many companies have grace periods that you must inquire about prior to you sign the lease. It is also important to ask about a worst case event in which you are not able to pay. After a specific amount of time, the lessor can and frequently charge you an early cancellation fee. Before signing, find out the price. The most important thing to remember
Every lender deals with default differently Therefore, you should inquire ahead of time to know the penalties that could be imposed.
10. Can the lease be extended? It is common to extend the lease by several months for the same cost, but most lessors have a limit. Even if you are unsure whether you'll have for an extension of your lease inquire whether it would alter the terms of the original lease or result in new cost. Knowing upfront the costs involved can aid you in planning as your lease's expiration date approaches. Along with the possibility of lease extensions, you should inquire about the termination fee. Companies must disclose under what circumstances the leasing company can demand their vehicle back or change conditions of the contract. Key takeaway
Inquiring about lease extensions ahead of time will ensure that you aren't blindsided with charges if you want longer time after the expiration of the lease.
Last considerations to bear in mind before leasing Leasing an automobile is a great option for those looking to test drive the newest vehicle options without the expense of buying an automobile. Here are some of the pros and cons to bear in mind while . Benefits of leasing can be affordable. Drivers who don't drive much and thus won't exceed the limits of their lease's mileage might find leasing to be a more cost-effective option than purchasing a new car. You can get a new car every few years. If you enjoy driving the latest models with the most recent technology, a lease allows you to upgrade your vehicle every couple of years when your contract ends. The cons of leasing are that it comes with limitations you don't have when buying a car. When leasing a vehicle, you'll be subject to limits on the amount of miles driven. It is even more crucial to keep the car in good working order to avoid paying additional charges at the time the lease expires. You don't build equity when you lease a vehicle. If you switch from lease to lease, you're not creating any equity in your vehicle. Before heading to the dealer to ask questions about leasing, consider your driving habits and decide if leasing is right for you. A is a great starting point to see savings potential. Next steps Leasing a vehicle is a big commitment, however, it's a good investment when you are aware of what you're getting into. Be prepared. Ask the right questions, and then read the fine print of a lease agreement to secure the best deal possible. Find out more
SHARE:
Written by
Allison Martin's work began over 10 years prior to that as a digital content strategist. She's been featured in a variety of top financial media outlets such as The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Credit.com.
Edited by Helen Wilbers Edited by
Helen Wilbers has been editing for Bankrate since late 2022. He is a fan of clear reporting that helps readers easily find deals and make the best choices for their money. He is a specialist in small and auto loans.
Similar Articles: Auto Loans 5 min read Oct 5th 2022
Auto Loans 3 min read Jun 27 2022
Auto Loans 2 minutes read May 25 2022
Auto Loans 3 min read on May 11, 2022.
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How we make money Bankrate.com is an independent, advertising-supported publisher and comparison service. We receive compensation for the placement of sponsored products and, services, or by you clicking on certain hyperlinks on our site. Therefore, this compensation may affect the way, location and when products are displayed within the categories of listing in the event that they are not permitted by law for our mortgage or home equity products, as well as other home loan products. Other factors, such as our own website rules and whether the product is available within your region or within your self-selected credit score range can also impact how and where products appear on this website. While we strive to provide the most diverse selection of products, Bankrate does not include details about every financial or credit product or service. Bankrate, LLC NMLS ID# 1427381 | BR Tech Services, Inc. NMLS ID #1743443 |
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Financing a home purchase Refinancing an existing loan Find the right lender Additional Information
Looking for a financial advisor? Do our 3-minute quiz and then match up to an adviser today.
Main Menu Banking
Calculators to compare accounts Use the calculators and get help from bank reviews
Looking for a financial advisor? Do our 3-minute quiz and then match up the advisor you want today.
Main Menu Credit cards
Compare with other categories Compare with credit requirements Compare with the issuer
Looking for the perfect credit card? Narrow your search with CardMatch(tm)
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Find a personal loan in 2 minutes or less Answer some questions to receive offers with no effect on your credit score.
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Looking for a financial advisor? Take our 3 minute quiz and match to an adviser today.
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Find the most competitive rates Lender reviews. Calculators. base
Looking for a financial advisor? Take our 3 minute quiz and then match up to an adviser today.
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Questions to ask before leasing a car Advertiser Disclosure Advertiser Disclosure We are an independent, advertising-supported comparison service. Our mission is to help you make better financial choices by offering you interactive tools and financial calculators, publishing original and objective content. We also allow you to conduct your own research and compare data at no cost - so that you can make sound financial decisions. Bankrate has partnerships with issuers including, but not restricted to, American Express, Bank of America, Capital One, Chase, Citi and Discover. How We Earn Money The offers that appear on this website come from companies who pay us. This compensation could affect how and where products appear on the site, such as such things as the order in which they may appear in the listing categories, except where prohibited by law. Our loans, mortgages,, and other products for home loans. This compensation, however, does not influence the information we provide, or the reviews that you see on this site. We do not include the entire universe of businesses or financial offerings that could be accessible to you.
SHARE:
DuxX/Shutterstock
6 min read published September 30 2022
Written by Allison Martin Written by
Allison Martin's work began over 10 years prior to that as a digital content strategist. Since then, she's been published in several leading financial media outlets including The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Credit.com.
Edited by Helen Wilbers Edited by
Helen Wilbers has been editing for Bankrate since the end of 2022. He is a fan of clear reporting that helps readers confidently land deals and make the best choices for their finances. He is an expert in small business and auto loans.
The Bankrate promise
More details
At Bankrate we strive to help you make better financial choices. We adhere to the highest standards of ethical standards ,
This post could contain references to products from our partners. Here's an explanation for how we earn money .
The Bankrate promise
Founded in 1976, Bankrate has a long history of helping people make wise financial decisions.
We've earned our reputation for over four decades by simplifying the process of financial decision-making
process and giving people confidence that they can take the right actions next. Bankrate follows a strict ,
You can rest assured that we'll put your interests first. Our content is authored in the hands of and edited by
We make sure that everything we publish is objective, accurate and reliable. Our loans reporters and editors concentrate on the areas that consumers are concerned about the most -- the different types of lending options, the best rates, the best lenders, how to pay off debt and much more. So you can feel confident when investing your money.
Integrity in editing
Bankrate adheres to a strict code of conduct , so you can trust that we're putting your interests first. Our award-winning editors and reporters produce honest and reliable information to help you make the right financial choices. Our main principles are that we value your trust. Our goal is to provide readers with truthful and impartial information. We have standards for editorial content in place to ensure this happens. Our editors and reporters thoroughly fact-check editorial content to ensure that the information you're reading is accurate. We have a strict separation with our advertising partners and the editorial team. Our editorial team does not receive direct compensation by our advertising partners. Editorial Independence Bankrate's editorial team writes on behalf of YOU - the reader. Our aim is to provide you the most accurate advice to help you make wise financial choices for yourself. We follow strict guidelines for ensuring that editorial content is not in any way influenced by advertising. Our editorial team receives no any compensation directly from advertisers and our content is thoroughly verified to guarantee its accuracy. Therefore, whether you're reading an article or a review, you'll be able to trust that you're getting reliable and dependable information.
How we make money
If you have questions about money. Bankrate can help. Our experts have helped you understand your money for over four years. We are constantly striving to provide our readers with the professional guidance and the tools necessary to be successful throughout their financial journey. Bankrate follows a strict policy, which means you can be confident that our content is truthful and accurate. Our award-winning editors and journalists create honest and accurate content to help you make the right financial choices. Our content produced by our editorial team is objective, factual, and not influenced from our advertising. We're transparent about how we are able to bring quality content, competitive rates and helpful tools to our customers by describing how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or through you clicking specific links on our site. Therefore, this compensation may impact how, where and in what order items are listed and categories, unless it is prohibited by law. We also offer credit, mortgage and other home loan products. Other elements, such as our own proprietary website rules and whether or not a product is offered in your area or at your self-selected credit score range can also impact the manner in which products appear on this website. We strive to provide the most diverse selection of products, Bankrate does not include specific information on every credit or financial product or service.
The leasing of a car allows you to take a car on lease for a period of time without having to buy it. It's a great opportunity to buy a brand new car without fully committing financially. It's especially beneficial for those who drive less than 15,000 miles each year and don't have to worry about mileage overages. However, leasing can be a bit complicated. For the best price it is best to be prepared with some questions. 10 questions you should ask before leasing a car If you're thinking of not settling for the first offer you see. Make sure you are prepared by asking these questions first. 1. What is the total amount to be paid at the time I sign the lease? Before you sign a lease you should receive a detailed written description of all the fees you are required or likely to pay. Upfront payments could include a security deposit, title fees, capitalized cost reduction and monthly installments due at signing or registration fee. Knowing the amount due when signing the lease will help you avoid spending too much. Plus, knowing the price breakdown can assist you negotiate more effectively. The most important thing to remember
The amount you pay on usually is more expensive than the price you were enticed by to it, so make sure you get the list of fees prior to signing.
2. What is the length of the lease? A leasing firm will inform you how many payments the lease includes, how much each payment will be and when the payments will be due. The most common lease terms include 24 36, 48, 36 and 60 months -- however, you could also come across strange terms, such as 39 months. Some odd-month deals may be designed to confuse you. When looking through the leasing options, be aware that a longer lease offers lower monthly payments, but you will . Key takeaway
Consider your options prior to agreeing to a lease term and understand exactly how your term will affect the monthly installment.
3. What type of lease do I have to sign and what happens when it ends? There are two types: close-end as well as open-end. For a closed-end lease the leasing company decides on the total cost according to their estimation of the value depreciated by the vehicle. If your car depreciates more than expected during an end-of-lease, the only extra costs you are accountable for are the excess mileage and wear-and-tear fees. This is the most common kind of lease. If you sign an open-end or financial lease you have to cover the difference between the car's residual value and the actual value at the expiration term. If the car's value decreases more than expected, you may face a hefty charge at the expiration term. In both instances, make sure you read the fine print to ensure that you are not surprised by any additional end-of-lease payments. What you should take away from this is
Knowing the type of lease you're contracting helps you to better plan for your lease payments.
4. What happens if I want to purchase the car at the expiration of the lease? If you want to then, you might have the option to buy it in the amount of the residual value, or purchase price option included in the lease contract. But before you , compare the residual value to the retail value of the vehicle to find out if you're getting an excellent bargain. Also, evaluate the car's condition to assess if it's in good shape and hasn't been significantly depreciated. There's a chance that a buyout isn't worth the effort unless you're dealing with significant wear and tear fees or fines for exceeding the mileage limit. Key takeaway
The lessor may allow you to purchase your lease once the lease expiration date comes around, but you should run the numbers to ensure it makes financial sense.
5. What is the residual value of the car? The residual value of a vehicle is the value it is estimated to hold at the end of the lease. The leasing companies decide on what the value of residual is, though you can obtain an estimate on . Knowing this figure is useful since it's a crucial aspect when determining your monthly installments. The greater the value of residual in comparison to the vehicle's initial price, the lower the monthly cost. Additionally, certain automakers and lessors subsidize residual values as a to make your monthly payment more affordable. If, for instance, your car is worth $20,000 and should be worth $15,000 at close of the lease you'll have an amount that is lower than if you choose a $20,000 car expected to have a value of $10,000. In the second case the lender must recoup a larger portion of the value of the vehicle and will charge you more. Important takeaway
Knowing the residual value of a car will help you decide on the best type of car and which type of financing is best for you.
6. Will there be a wear-and-tear evaluation? Ask your leaser to inform you what method wear and tear is assessed when you return the vehicle. At the end of your lease, the car will be examined for exterior damage like scratches, dents and windshield cracks, and internal damage such as staining. The cost will be assessed for any damages that are excessive however you will not have to pay to have the car inspected. The law also stipulates that the wear and tear standards should be reasonable. The standards are based on the number of miles you traveled and any damage done to your vehicle. If your car has minor damages, getting touch-ups before your assessment may be worth it. What you should take away
Understanding how wear and tear will be determined will prepare you for any payments at the end of lease.
7. What is the money factor? What is the "money factor" refers to the total amount you'll have to pay in finance charges for the vehicle you lease. It's equivalent to the interest rate you'd be paying for a brand new vehicle. It's usually represented in tiny decimal. Multiplying it by 2,400 will show the annual percentage you're taking on for your lease. To illustrate, if you're approved for a lease with a factor of .0030, it's equivalent to an annual interest charge that is 7.2 percent. Your credit score heavily influences the cash factor, therefore, prior to going to the leasing office, you should be aware of your credit score. You are not able to bargain on this amount since lenders typically decide on it. The most important thing to remember is
A money factor isn't the equivalent to an APR, but it can determine how much you'll pay in addition to your lease amount.
8. What is the lease mileage allowance and what happens if I exceed it? A lease mileage allowance refers to the amount of mileage you are allowed to drive without additional charges. Leases usually allow 12,000 or 15,000 miles prior to when charges begin to accrue. Excess mileage fees can range between 10 and 25 cents per mile, which can quickly add up. Be aware of your mileage allowance and try to anticipate your driving habits throughout your lease. Any long road trips might cost you. While the mileage allowance is usually a negotiated amount, changing it could impact your amount. Important takeaway
If you exceed your lease mileage allowance, it is going to cost you.
9. What happens if I'm unable to make a lease payment? While it is not a common practice to fall behind on lease payments, it is important to be aware of what might happen if you miss the payment. In general, default will occur when you do not make three or more installments in consecutive days. Not paying your lease typically leads to and negatively affects your credit score, but every lessor deals with this differently. Many companies have grace periods that you must inquire about prior to you sign the lease. It is also important to ask about a worst case event in which you are not able to pay. After a specific amount of time, the lessor can and frequently charge you an early cancellation fee. Before signing, find out the price. The most important thing to remember
Every lender deals with default differently Therefore, you should inquire ahead of time to know the penalties that could be imposed.
10. Can the lease be extended? It is common to extend the lease by several months for the same cost, but most lessors have a limit. Even if you are unsure whether you'll have for an extension of your lease inquire whether it would alter the terms of the original lease or result in new cost. Knowing upfront the costs involved can aid you in planning as your lease's expiration date approaches. Along with the possibility of lease extensions, you should inquire about the termination fee. Companies must disclose under what circumstances the leasing company can demand their vehicle back or change conditions of the contract. Key takeaway
Inquiring about lease extensions ahead of time will ensure that you aren't blindsided with charges if you want longer time after the expiration of the lease.
Last considerations to bear in mind before leasing Leasing an automobile is a great option for those looking to test drive the newest vehicle options without the expense of buying an automobile. Here are some of the pros and cons to bear in mind while . Benefits of leasing can be affordable. Drivers who don't drive much and thus won't exceed the limits of their lease's mileage might find leasing to be a more cost-effective option than purchasing a new car. You can get a new car every few years. If you enjoy driving the latest models with the most recent technology, a lease allows you to upgrade your vehicle every couple of years when your contract ends. The cons of leasing are that it comes with limitations you don't have when buying a car. When leasing a vehicle, you'll be subject to limits on the amount of miles driven. It is even more crucial to keep the car in good working order to avoid paying additional charges at the time the lease expires. You don't build equity when you lease a vehicle. If you switch from lease to lease, you're not creating any equity in your vehicle. Before heading to the dealer to ask questions about leasing, consider your driving habits and decide if leasing is right for you. A is a great starting point to see savings potential. Next steps Leasing a vehicle is a big commitment, however, it's a good investment when you are aware of what you're getting into. Be prepared. Ask the right questions, and then read the fine print of a lease agreement to secure the best deal possible. Find out more
SHARE:
Written by
Allison Martin's work began over 10 years prior to that as a digital content strategist. She's been featured in a variety of top financial media outlets such as The Wall Street Journal, MSN Money, MoneyTalksNews , Investopedia, Experian and Credit.com.
Edited by Helen Wilbers Edited by
Helen Wilbers has been editing for Bankrate since late 2022. He is a fan of clear reporting that helps readers easily find deals and make the best choices for their money. He is a specialist in small and auto loans.
Similar Articles: Auto Loans 5 min read Oct 5th 2022
Auto Loans 3 min read Jun 27 2022
Auto Loans 2 minutes read May 25 2022
Auto Loans 3 min read on May 11, 2022.
About
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