Auto Leasing
Look Before You Lease -- To lease or to buy? That's the choice you face when mulling over makes and models and deciding which car deal best meets your needs. Leasing a car is not the same as buying one. When you buy, you own the car. When you lease, you pay to drive someone else's vehicle. Leasing can involve lower monthly payments than a loan. However, at lease end, you will have no ownership or equity in the car. Many dealers and other lessors offer vehicle leases. Before you decide whether to lease or buy, the Federal Trade Commission (FTC) reminds you: don't be dazzled by so-called deals. Ask questions, nail down the details, read the fine print, and shop around.
Shopping Checklist -- This checklist will help you gather information both before you go shopping for a vehicle lease and while you are shopping. The questions highlight features of vehicle leasing that you may want to consider before signing a lease agreement.
Leasing is Different from Buying - Here's How -- LEASING: You do not own the vehicle. You get to use it but must return it at the end of the lease unless you choose to buy it. BUYING: You own the vehicle and get to keep it at the end of the financing term.
