| When it comes to leasing a car, the requirements and | | | | A new car leasing guide can provide you with all the |
| procedures can be very different from purchasing a | | | | information you will need to make an informed decision. |
| car. With a new car leasing guide, you can learn the | | | | Whether or not you lease a car depends on your |
| many advantages and disadvantages of leasing and | | | | situation, your end goal and several other factors and |
| come to understand the various tactics and tricks new | | | | considerations. For example, with a car lease, your |
| car dealers will employ in trying to get you to lease. | | | | monthly payments are often lower than the monthly |
| Leasing a car may make sense if you are planning on | | | | payment when you purchase. Typically, you can |
| driving for a limited number of miles each year. | | | | expect the monthly payment to be 30%-50% lower |
| With a lease, you agree to an annual mileage | | | | than for a loan to purchase the same car. |
| allowance, typically 12,000 to 15,000 miles per year. If | | | | With a lease, the upfront and out of pocket costs, |
| you exceed the mileage allowance, you will be | | | | including the down payment can be significantly less |
| required to pay for the excess miles at the end of the | | | | than with a purchase. In many instances, a car can be |
| lease. On the other hand, purchasing the car makes | | | | leased with no money down. Also, a car lease |
| you the owner, without any limit on the total number of | | | | provides for easier vehicle maintenance. The car |
| miles you can drive in any given year. Most new car | | | | warranty will often correspond to the length of lease |
| buyers are unsure whether or not leasing a car is the | | | | term, with most repairs covered for the entire term of |
| best alternative. | | | | the lease. |