Leasing vs. Buying a Car
Buying a car is a better deal than leasing. Once you pay off your auto loan, the car is essentially “free.”
Lease Options and Considerations
The first step is to review your lease. You may be able to negotiate a new lease or buy the property. Deals include 0% deposit leasing for brand new and used cars.
Leasing Considerations and Benefits
When You Should Lease Rather Than Buy. If you put less than 15,000 miles per year on your car, leasing might be a good option.
Making the Decision to Lease or Buy
Consider intended car use time and expected mileage. If less than two years, it doesn’t make sense to lease then buy because residual values can decrease and you may owe more than it’s worth.
Conclusion
Start shopping major dealers offering new vehicles to compare lease deals. Carefully weigh pros and cons of leasing and buying to determine the best option for your situation before deciding.