Many people consider leasing a car than buying it on one off terms and owning it fully. However, not many of them understand the real meaning of leasing and what it takes to enter into a lease, and more importantly, how it will cost them financially. The deal may be enticing, but the calculation of what you have to give to the lessee is what should be central to your consideration.
To decide whether or not to lease your new car, it’s important to understand how the financial mechanics of leasing compare with a loan. In some ways, leasing is just like taking out a loan.