Is Leasing A Car Right For You?

Is leasing a car right for you? This question is hard to answer. It really depends on your lifestyle and your preferences.

Certain lifestyles may work better with leasing than others. For instance, if you entertain business clients, leasing allows you to drive a luxury vehicle for less money (and there may be a tax write-off for certain professions). Other people just like to drive a brand-new car every two or three years. So ultimately, leasing isn't only a dollars-and-cents question — it's about personal tastes and priorities.

Advantages of Car Leasing
Lower monthly payments
Lower down payment
You can drive a better car for less money each month.
Lower repair costs (With a three-year lease, the factory warranty covers most repairs.)
You can more easily drive a new car every two or three years.
No trade-in hassles at the end of the lease
You pay sales tax only on the portion of the car you finance (Edmunds.com)

Don't be afraid to lease a car, it is a great way to stay in a newer and nice car usually for less money a month. It is great for those of us who trade every 3 to 4 years. As long as you are willing to take the time with your salesperson to make sure it is set-up correctly for your driving needs, I think you will find it to be the best way to go when purchasing your next car. Now keep in mind leasing is not for everyone, so do your research and know your driving habits and then talk to your salesperson about what is best for you.