Thanks Will Xu !
By leasing ,there are some benefits: You get to drive a new vehicle every two or three years.And, as long as you lease only for the term of the original manufacturer's warranty, you're not liable for catastrophic repair bills.Additionally, leasing can allow a buyer to make that dream car fit the budget when conventional financing will not.
But Leasing severely restricts your use of a vehicle.Mileage allowances are limited, modifications to the vehicle can result in hefty fines at the end of the lease.
At the end of leasing,you can:
Return the car to the dealer and walk away from it
Buy the car
Use any equity in the car as leverage in a new deal
Sell the car yourself
By leasing ,there are some benefits: You get to drive a new vehicle every two or three years.And, as long as you lease only for the term of the original manufacturer's warranty, you're not liable for catastrophic repair bills.Additionally, leasing can allow a buyer to make that dream car fit the budget when conventional financing will not.
But Leasing severely restricts your use of a vehicle.Mileage allowances are limited, modifications to the vehicle can result in hefty fines at the end of the lease.
At the end of leasing,you can:
Return the car to the dealer and walk away from it
Buy the car
Use any equity in the car as leverage in a new deal
Sell the car yourself
