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Leasing A Car For The First Time: Is It Right For You?

Leasing a car for the first time is a fairly big decision. The way you get around each day makes a difference to your quality of life, so it only makes sense to really think about the way you intend on paying for a vehicle. Knowing whether leasing is right for you is crucial. Here are just some of the pros and cons:

Leasing Pros
Little to no down payment
Lower monthly payments than buying a vehicle
You’ll drive a new car every few years rather than having to keep the same one
Great if you don’t have the money to buy the car outright

Leasing Cons
You don’t own the car
You’ll never pay the car off
Extra mileage may cost you more money
Insurance on a leased car can sometimes be expensive
Terminating your lease early could leave you with a hefty penalty

Bear in mind there are other opt...

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