What are the cons for leasing a car?
You drive a lot- Most leases have mileage limitations, usually 15,000 a year. If you exceed the mileage allotment, you owe the leasing company an excessive mileage charge.
You're messy- Most leases have an excess wear and tear charge. A few paint scratches could end of costing you a lot of money at the of the lease term.
Endless payments- The lease ends and you start from scratch with the new one. You don't own the car that your trading, so you have nothing to trade.
You want choice- When you're buying, you can horse-trade for a good deal on any make or model. But the best lease deals- those the factory subsidizes- are limited to models the factory wants to promote.
You want cheap insurance- More expensive cars require more insurance.
You hate surprises- Leases can be full term; $500.00 to turn in the car at the end of the lease; $100.00 to get out of the lease early; a $400.00 acquisition fee to drive off in your new leased car.


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