Portrait of a guy driving his carPros and Cons of Leasing a Car

Auto Lease Pros & Cons

— Leasing —
Leasing an automobile is an affordable and often times logical alternative to purchasing a vehicle. Lease facilitations generally provide several attractive advantages over purchasing depending on the needs of the client, their driving lifestyle, trade cycle and of course credit situation. These comprise the pros and cons of leasing a car. The advantages of leasing include, but are not limited to:

  • Less expensive monthly payments (see example Toyota lease).
  • Little or no down payment required.
  • Shorter finance terms.
  • Protection from depreciation.
  • Limited tax advantages.

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Speedometer for How to Lease a car article5 Tips for Leasing a Vehicle

When considering leasing a vehicle, even the most seasoned client has questions or concerns. Programs can vary month to month and lease calculations depend on many changing factors (rate, residual, down payment, mileage, etc). In this article we talk about how to lease a car.

How to Lease a Car

Considering the many different programs and options on the market today, LeasePro provides:

1. Know your Driving Lifestyle

Consumers should know their driving habits before signing the contract. Lease programs are calculated based on a length of time and allotment of mileage. It is important for every customer to know and understand how long they plan on keeping a vehicle and how many miles they drive annually. Signing a contract over a longer period of time or without the necessary mileage required can end up costing clients far more at the end of the lease than they’ve saved with the reduced monthly payments lease programs provide. Continue reading