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| New Car Lease | ||
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The term, new car lease, refers to the concept of financing the acquisition of a new car with a lease instead of paying cash or financing with a loan. Leasing provides a way to drive a more expensive car at the same or less cost as buying a less expensive model with a loan. With a new car lease, you only pay for the part of a vehicle's value that you actually use during the lease term. You also pay less sales tax (in most state), further reducing your overall cost. However, leasing is not for everyone. If you drive more than 15,000 miles a year, prefer to drive your cars for years, or don't properly maintain your cars, leasing may not be right for you. For more information, see: The Lease Guide
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