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Leasing Tips
10 Steps to Leasing a New Car
Step 1: How leasing works.
From Edmunds.com
Video highlights of this article
Leasing a car is like renting a car — but for a longer time period. Unlike
buying, you never actually own the car and you have to give it back at the end
of the lease. Leasing became popular in the 1990s because cars became too expensive
to buy for many people. Leasing allows a person to drive a brand-new car and make
lower monthly payments, thus making the "new-car experience" more accessible to
more people. Finally, leasing can offer tax breaks for certain occupations.
In 10 Steps to Finding the
Right Car For You we talked about the pros and cons of leasing. It might be
a good idea to review those points now. Remember that, while leasing might not
save you money in the long run, it could fit more easily into your budget on a
monthly basis. Also keep in mind that some people find leasing to be confusing
since many of the terms are different. We'll do our best to quickly and clearly
explain how to make leasing work for you in the following steps.
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