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Auto Leasing Basics
By Brennan Howe

There's a shiny new Pontiac G6 parked in your next-door neighbor's driveway. Standing proudly next to it is a gleaming new Jeep Grand Cherokee. This is the second time in four years that your neighbor and his wife have driven home on brand-new sets of wheels. Unless you live right next to state lottery winners or an organized crime family, there could be a more plausible explanation for your neighbors' seemingly good fortune: they might be leasing.

What is automotive leasing?

Automobile leasing is paying for the use of the car, rather than paying for the car itself. Monthly lease payments are based on the projected cost of the vehicle's depreciation over the period covered by the lease. For instance,...
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More New Car Leases Resources

In the News

Car maker turns down buyers
Some customers have "failed" a Nissan test to see if they were suitable for the new Leaf electric car. Read More ...

Deal or No Deal - The Best New Car Savings in May
Buying a new car isn't a game show, but you can feel like you're put on the spot. With so many sales and savings options thrown at you, it's easy to pick a deal, but if you shop around, you might find ... Read More ...

Here's How To Decide Whether To Buy Or Lease A New Car
WHY LEASE? The big exception here is if you can deduct the cost of your vehicle as a business expense, you will be able to deduct substantially more if you lease. Read More ...

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