Car Leasing Pros and Cons

• Leasing a car usually costs more than borrowing the same amount of money, because you are paying for the car while it is depreciating the most.
• If you lease one car after another, monthly payments go on forever.
• You need to bring the car back in “as it left the showroom” condition, minus usual wear and tear, and configured like it was when you leased it.
• You are still on the hook for expendable items such as tires, which can be more expensive to replace on a better-equipped vehicle with premium wheels.
• You may have to pay a fee when you turn in the vehicle at the end of the lease.

Explore the advantages and drawbacks of leasing a car with this quiz. Learn about the potential long-term costs, conditions for returning the vehicle, and additional expenses associated with leasing.