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Leasing makes the most sense for those who answer “yes” to one or more of these questions.

  • Do you typically get a new vehicle every 3 to 4 years?
  • Do like to replace your cars periodically to have the latest safety, performance, entertainment and communication technology?
  • Do you use your car importantly for business? (Your accountant may advise you to lease.)
  • Is your family size or climate location likely to change in the next few years?
  • Do you need to minimize your monthly car payments to fit your budget?
  • Do you drive 15,000 miles a year or less?
  • Do you always want to be covered by the automaker’s initial warranty?

Buying makes the most sense for those who answer “yes” to one or more of these.

  • Do you typically keep your cars for 5 years or more?
  • Do you want to get the maximum value for every transportation dollar you spend?
  • Do you drive significantly more than 15,000 miles a year?
  • Can you pay off your car loan in 5 years or less?

Leasing is a good option for many people. But it will never be the most cost-effective way to get around.

If you lease a new car forever, you’ll be making car payments forever. And you’ll always be paying for the most expensive depreciation years.

The way to get the most value for every new-vehicle dollar you spend is to buy a reliable car and drive it for several more years. Making an expensive repair periodically is usually a lot cheaper than buying two or more cars over the same period.

To learn more about leasing, buy our package and receive a detailed description of the key leasing subjects, written in ordinary, everyday English. You will also receive a basic formula to calculate your monthly payment so you will be an informed consumer whether you purchase or lease. Topics covered in leasing 101 include:

The Legalese About Who Does What

What You’re Paying For

What You Can And Can’t Negotiate

How They Calculate Your Monthly Payment

What’s In a Typical Drive-Off Check?

Who Offers the Best Leases?

Will Automakers’ Captive Finance Companies
Deal On The Buyout Price at Lease-end?

How You’ll Negotiate The Best
Lease Deal In Your Market