The Best Candidates for a Lease

The best candidates for a lease are people who would normally get a new car every 2-3 years, and are not particularly concerned about the higher long-term costs of that practice. Luxury-car buyers are usually good candidates for leases because automakers frequently offer subsidized leases with reduced down payments and dramatically lower monthly payments.
If you’re [...]

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The Worst Candidates for a Lease

The worst candidate for a lease: someone who can’t afford to pay an early termination penalty. For this reason, leasing is not a prudent choice for someone who’s financially strapped. (They should buy a good used car.)
The second worst candidate: someone who wants to end up owning the vehicle. Buying a car at the end [...]

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Advantages and Disadvantages of Leasing

Some advantage of leasing are, short-term leasing offers the following advantages: less total cash tied up in a vehicle, lower down payments and monthly payments, no trade-in or selling inconvenience, and protection against big losses due to depreciation. And if you can get a lease that has a large factory subsidy, you could end up [...]

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