What should I do after completing the terms of my car lease?

Assuming you signed a standard closed-end lease on a new vehicle, you likely have a few options: 1. read more

If they do, the dealership will provide you with a loaner until your new car is fixed. What's more, depending on what you lease, you can often get free maintenance for some or all of the lease term. read more

If you buy out your lease and don't make a new down payment, your monthly payments will likely be more expensive than your lease payment. Let's take a Honda Accord as an example: To start this lease, the buyer made a down payment of $1,999 and leased a 2017 Honda Accord for $199 per month, plus tax, for 36 months. read more

Regardless, “When you lease a car, you make payments for a specified period of time and then at the end of the term you have nothing to show for your money,” Baumeister says. “You own nothing. However, when you buy a car, at the end of the term, you own a car. read more