In a lease, you don’t purchase the vehicle, you simply pay to use it for the first, and best, period of its life.

Less Cash Up Front
A big advantage of leasing is that is does not usually require a large down-payment.

Lower Monthly Payments
If the finance period is the same as the buyer’s finance period, your payments will be lower because you are only paying for the part of the car you use, rather than paying for the entire cost of the vehicle.

A New Car More Often
A short-term lease may suit you if your driving needs or tastes change, because you are not tied into a long-term traditional loan. Leasing also allows you to drive a car that will most always be covered by a warranty.

Guaranteed Future Value
You don’t have to worry about the resale value of your vehicle. If it has depreciated more than the estimated resale value, you can simply turn it in at lease-end. But if it’s worth more, you can buy it (at the lower, predetermined cost) and keep it. Leasing gives you the option.

Tax Advantages
People who use their car for business (or who own a small business) may receive larger tax deductions. Your tax advisor can tell you more.