You drive the car for a set term (usually 3 or 36 months) while paying for its depreciation rather than the full purchase price.
Unless you have the cash ready, you’ll need to apply for a "used car loan" to cover the residual price at the end of the lease. lease car then buy
If you went over your mileage limit or have some minor "wear and tear" scratches, buying the car at the end of the lease usually wipes those extra charges away. Things to Consider You drive the car for a set term
Generally, leasing then buying is slightly more expensive than buying the car brand new with a 0% or low-interest loan, because you pay lease acquisition fees and potentially higher interest rates on the back-end loan. Things to Consider Generally, leasing then buying is
Leasing typically requires a smaller down payment and offers lower monthly installments than a traditional auto loan.