Or it might not be.
As is the case with most things, there are both benefits and drawbacks to leasing a vehicle.
Read on to see everything you should probably know before leasing a car.
Pros to leasing a car
There are several pros to leasing a vehicle over purchasing.
For starters, it usually consists of lower monthly payments than financing.
This tends to be a much lower cost.
Still, you’re going to want to check your lease contract to confirm of this.
You also don’t have to pay the remaining value of the car off when your lease ends.
The best part, though, is you simply move on to your next preferred car!
If you’re not, though, then owning might actually be a more cost-efficient option for you.
Another drawback to leasing is that you will havelimited mileage.
Most lease contracts will only allow to drive about 10,000 and 15,000 miles per year.
Lastly, leasing a car can lead to a pretty high insurance cost.
