When in the market for a new vehicle consumers wonder whether it`s better to buy it or lease. In recent years leasing a car has become very popular mainly due to attractive lease terms offered by car dealers. When you can drive a vehicle off the dealer`s lot with approximately $199-$299-a month lease instead of $2,000-$25000 due at signing you can help yielding to this enticing deal. Latest Experian report revealed that 28.4% of financed cars in the fourth quarter of 2013 were leased.
Pay-as-you-go approach seems to have seeped into the auto market fueling strong car sales. Car leasing is more popular with young buyers who don`t care they won`t own the car at the end of the lease`s term and will end up paying several thousand dollars more compared with buying a car. Read more