Car Leasing 101 - Car Leasing Advantages & Benefits

Leasing a vehicle has its benefits and advantages. Leasing can be a great alternative to acquiring a vehicle than purchasing a new or used car. However, auto leasing may not be for everyone, as we’ve discussed earlier. It’s important to stress that leasing a car vs buying a vehicle is beneficial to only some individuals and not all. You must decide on which advantages and benefits are best for you as it applies to your own personal and financial situation.

While we'll discuss this later in more detail, there is also the benefit to a consumer seeking to lease a car by taking over someone elses lease during the lease term. This is known as assuming a short term car lease, which provides numerous advantages to the individual taking over the lease, including a significant cost savings.

Ok, no more lecturing, let’s get to it. The benefits of leasing over buying a new vehicle using a loan are as follows.

Part V: Advantages of Car Leasing - Ongoing Maintenance