Should I Lease a Car?

When making a decision whether to lease or purchase your next car you need to take several factors into consideration. The advantages of a lease are that at the end of the lease you will get a new car. The cost of leasing versus purchasing is usually lower so you can save some money. The lower cost can also allow you to purchase a better car for the money you have. The disadvantages are that at the end of the lease you don’t own the car and if you don’t have a job you may not be able to qualify for a new lease or loan. Secondly, with a lease you must turn the car in without dents, scratches and not over a specified mileage. If you have any of these there will be a cost when you turn the car in. Each person has to look at the advatages and disadvantages for their situation and make a decision on what is best for them. For me a lease has been great as I was able to lease a BMW for what my Mazda payment was.