Want to drive a brand new car but without the big monthly payments that can come with car ownership?

Leasing a car is a complicated transaction.  It can, in many cases, allows you to drive a new vehicle for considerable less per month than you would pay with a standard auto purchase with a loan.  The big difference is that when the lease ends, you won’t own the car.  In most cases, however, you will have the option to purchase the vehicle from the dealer with a new financing package.

Even though monthly lease payments are usually lower than car-loan payments, leasing may be more expensive than an auto loan in the long run.

When you take out a car loan, you’ll pay off the car over time. Driving a vehicle you own can reduce your long-term costs since you’ll no longer have a monthly payment once your car loan is paid off. But if you lease a car, you won’t be building equity in a vehicle.