Myths About Leasing

"I love to lease"

When it comes to financing cars, there are two kinds of people: Those who lease cars and those who have never tried it.
I have leased over a dozen cars in the last 25 years and not once have I experienced any justification for some of the bad reputation car leasing receives from non-leasing car owners.  Personally, I love to lease cars.  However, it never fails; if I even bring car leasing up to a non-leasing car owner, he/she will usually scoff at the mere mention of the term and act as though I am infected with the flu or plague. Unarmed of any facts, experience or knowledge, these leasing skeptics will spread lies and misinformation to friends and relatives who are shopping for cars. Sadly, these people will take their advice and dismiss leasing as a bad car financing option before they've ever had a chance to learn about and consider it. I realize that leasing isn't for everyone. There are certainly situations when it doesn't make sense to lease cars, but there is a significant percentage of the car-buying population where car leasing is a viable and attractive option if they can get past some of the myths of the detractors, then educate themselves about how it really might make sense for them. Read the rest of this entry