Is Leasing Right for You?

What Is Leasing?  

Leasing is a method of financing the use of a vehicle or equipment—much like leasing an apartment or house—over a specified period of time. Therefore, it can be an affordable way to obtain the vehicle you want. When you lease, you are responsible for paying for tags, taxes, fees and insurance, just as if you owned the vehicle. (However, in most states, a lease requires less sales tax than a purchase.) You also are responsible for making regular monthly payments and maintaining your vehicle. 
 


Why Should I Consider Leasing?  

Leasing is an attractive form of financing when you: 

 


How Does Leasing Compare to Buying?  

Here are several pros and cons to consider:


Advantages of Leasing


Disadvantages of Leasing       


Advantages of Buying


Disadvantages of Buying