Who Should Lease?

Leasing is best suited for certain types of drivers and financial situations.

Drivers Who Like New Cars

If you enjoy driving the newest models with updated styling and features every few years, leasing makes it easy and convenient. Return the old car and pick up new one.

People Who Drive Moderate Miles

Most leases include annual mileage limits, commonly around 10,000–15,000 miles per year. Drivers who stay within those limits are ideal candidates.

Drivers Who Want Predictable Costs

Because leased vehicles are usually under warranty and payments are fixed, leasing can make budgeting for transportation easier.

People Who Prefer Lower Payments

Drivers who want a lower monthly payment than buying might offer for the same vehicle often find leasing attractive.

People Who Want to Avoid the Trade-in Hassle

Leasing avoids the headaches of selling or trading cars every few years. Simply return the car in good condition and begin a new lease on a new car.

The Bottom Line

Leasing is essentially a way to pay for the use of a vehicle during the years when it depreciates the most. For drivers who prefer new cars, drive a predictable number of miles, and want lower monthly payments, leasing can be a smart and convenient option.