Is leasing a car the better option if I don't drive a lot?

Unless you have a business that can “write off” and pay for the lease, then a lease is always a less preferred option. A lease is a long term rental of a vehicle. While the “down payment” and use of capital is less, the total costs are still a lot. read more

A lease is a long term rental of a vehicle. While the “down payment” and use of capital is less, the total costs are still a lot. The main reason that people lease a car rather than buy it is because they want to drive a new car and can’t afford to buy it. So they rent it. read more

Leasing a car can be a great choice for the right person, or it could end up costing you thousands more than if you had purchased - don't make this costly mistake! Here are the top 7 reasons why leasing may be a smart option for you. If you agree with most of these (especially the first one), then by all means you should take advantage of leasing. 1. read more

As an example, let’s look at the cost between buying or leasing a $20,000 car for five years, assuming the same 6% rate on a new car loan (paid off in 3 years) and the lease (two 3-year leases), and driving 12,000 miles a year (numbers provided by Edmunds). read more