| -- End Ad Box ---> | | | | - There's no backing out. Once a lease agreement is |
| Should I buy or lease a car? Lease vs buy car? Who | | | | signed, you're in it until the end. If something happens, |
| can resist the ads? Lease the car of your dreams for | | | | and you find yourself in need of getting out of a lease |
| a mere $199.00 and very little down. It doesn't take | | | | before it expires, plan on paying hefty terminations |
| much to see why leasing a car has become a popular | | | | fees and penalties immediately |
| option for those who either can't afford to buy a new | | | | - Depreciation Hurts. All cars begin to lose value as |
| car, or can't afford to upgrade to the model they really | | | | soon as they are driven off the lot, but leased vehicles |
| want. | | | | seem to be hit harder due to the fact that payments |
| On the surface, leasing a car may seem too good to | | | | are so low, hindering any chance of having any equity |
| be true - and oftentimes it is. Sure, leasing often gets | | | | in the vehicle. |
| you in a better car, but is it a better deal? For most | | | | Without the ability to trade it in at the end of the lease, |
| people, the answer is no. Unless you need a | | | | that may not seem like a bad thing, unless you're in an |
| short-term arrangement due to work or school | | | | accident. If the car or truck being leased happens to |
| demands, leasing often costs much more in the long | | | | be totaled in an accident, the insurance company is |
| run than buying. | | | | only liable for the estimated value - not the total lease |
| Some questions you might consider if you can't keep | | | | payoff - leaving you with a potential bill. Of course you |
| up the payments, for example: | | | | can purchase separate leasing insurance - for a price. |
| 1. How to get out of a car lease. | | | | - When it ends, you have no car. Most leases today |
| 2. Penalties for breaking a car lease. | | | | range from 2-5 years. The average is 36 months. |
| 3. Can you buy lease car. | | | | That means, in just three short years, you'll be forced |
| 4. Can you take over car lease. | | | | to acquire another new vehicle. That may mean |
| 5. Consider a car lease transfer. | | | | paying another down payment, and setting up yet |
| What are some of the disadvantages of leasing? | | | | another payment schedule. At least when you buy a |
| Check these out and see: | | | | car, you have some time to find a replacement. |
| - If you continue to rollover car leases, payments | | | | - You're stuck with what they have. Customizing a |
| never end, because you never "own" the vehicle. | | | | vehicle is generally out of the questions when leasing. |
| - Limited Mileage. Leases offer a limited amount of | | | | You are forced to take whatever color and options |
| miles per year that the car can be drive. Go over | | | | they have, which may not be necessarily what you |
| those limits, and pay extra when the lease ends | | | | want. |
| - The vehicle must be kept in tip-top shape. Scheduled | | | | A new or used car lease can be a viable option for |
| maintenance must be done on time. You'll also pay for | | | | some consumers; the trick is to understand both its |
| any scratches, dents, spots, stains, and general | | | | pros and cons before rushing to the showroom to |
| wearing on both the interior and exterior of the vehicle | | | | make a deal. |
| at the end of the least | | | | |