The television, internet, and newspapers are filled with advertisements from car dealers touting super low prices on leasing a car. Many individuals are confused with the lease process and completely rule it out as a viable option when searching for a new car. Although leasing a vehicle does not benefit everyone, many car owners would greatly benefit by leasing a car instead of buying one, either new or used. If you are wondering if you will benefit from a car lease, consider the following thoughts:
Average Annual Mileage
If you drive your car over the river and through the woodsand then some, then leasing may not be right for you. Generally, car leases have a strict mileage maximum and you are heavily penalized if you go over this distance limit. Although this distance differs from lease to lease, the average limit for annual miles allowed in a leased vehicle is around 15,000 miles.
If you can easily stay within that mileage limit, then leasing a car may be a great option for you. However, if you will blow through those given miles several times over, then you should think again about leasing. Many car lease companies charge as much as $800 for an...
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