benefits of leasing. can i get a lower monthly payment vs buying?
5 Answers
Leasing can work if you can live within the lease terms. Usually leases only allow 12k miles a year. Do the math and see what works for you.
You will be limited on miles. Some leases are available with more than 12,000 miles. You will still be responsible for damage, wear and tear, repairs (when out of warranty) and maintenance. A lease is sort of like renting a car . Payments will be less than buying.
Any damage will be paid for by you and it will be at dealer rates. The leasing agency can empty your bank account by fixing every tiny little thing. They are going to maximize the resale value of the car by making it like new.
Leasing is a good way to go. It your car is damaged, fix it before you turn it in. Same with tires.
I have leased 4 vehicles to date and all went well. I did have to pay $75.00 wear and tear on one and another vehicle cost me the price of a windshield. All in all a good experience, you just need to ask questions and read the fine print.