Lease or Buy?

Here's a quick lesson on the benefits of leasing your next vehicle:

- Guaranteed residual value (as long as condition of car and rules are in line)

- Typically a lower monthly payment vs. 60-month finance

- Perfect for higher mileage drivers, you cannot pay down your balance fast enough to keep up with depreciation (you know the cost of the car each month)

- Option to buy at end of lease

- Option to trade at any point in the lease

- Only pay taxes on amount of car you use; BASE MONTHLY PAYMENT x TAX RATE = USAGE TAX

- Don't have to worry about negotiating your trade-in, simplifies car buying process