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Is leasing a car bad?

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Benefits of Leasing vs. Buying with Bad Credit. Leasing a car can be an attractive option for many consumers with poor credit. Instead of getting stuck into a long-term loan with a high interest rate, leasing a new car may be advantageous for several reasons, including: Low monthly payments. read more

Leasing for too long. Most car-lease terms range from two to four years, though some can go longer, says Reed. However, drivers who lease cars for too long could end up paying extra money in maintenance. Reed recommends that consumers not lease cars for longer than the warranty period, which averages three years, or 36,000 miles. read more

Pros of Leasing a Car. New car, all the time. Leasing a car means you always get to drive around in a sweet new ride. For many people, this is an emotional boost that can’t be ignored. If you love cars and driving, this is a big perk. Less maintenance issues. read more

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