Leasing a car is a form of financing, not renting. It allows you to pay for the use of a vehicle over a fixed period—usually 24 to 39 months—and requires you to commit for the full term. Leasing became popular for consumers in the 1980s and now represents about one-fourth of new vehicle sales. Price is Key When leasing, the vehicle’s price is negotiated just like a purchase, and that price is the biggest factor affecting your monthly payment. Contrary to common belief, lease