Is leasing a car good?

Leasing a car is a bad idea for many reasons. The first reason is at the end of the lease you have nothing to show for all the money that you spent. You either must turn the car into the dealer (where they try to convince you to trade up to a new lease) or you must purchase the car at the end of the lease. 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