Car Leasing Tips and Advice

Learn about car leasing advantages & disadvantages, as well as the key terms you should know if you're still deciding whether or not you should lease your next new or used vehicle.

Showing 1 - 10 of 69 Articles

Page 1

How to Get Out of a Car Lease?

There are ways to cancel a lease early, but it’s in your best interest to wait as long as possible to return a leased vehicle. How soon you can turn in your leased vehicle can largely depend on your contract and how much cash you have on hand. The sooner you cancel your lease, the more you usually

Meghan Carbary • Automotive Content Editor • November 15, 2024

What are the Pros and Cons of Leasing a Car?

A car lease may or may not be the right thing for you, but if you find yourself embarking on that journey there are a few things you should and shouldn't do. Whether or not leasing is right for you depends on your situation, so it helps to make an informed decision. Here we outline some of the pros and

Meghan Carbary • Automotive Content Editor • May 21, 2024

How to Lease a Car? Here’s What You Should Know

Leasing a vehicle isn't like buying one with an auto loan, although the process works similarly. When you lease you are taking on a new car for only a short amount of time, typically no more than 36 months, and then you return the vehicle to the lease company and can choose to either purchase the car,

Meghan Carbary • Automotive Content Editor • April 30, 2024

How to Calculate Your Car Lease Payment?

Calculating car lease payments is a simple 5-step process. Learn how to calculate payments, how your credit score affects them, and how to reduce them.

Meghan Carbary • Automotive Content Editor • April 30, 2024

Everything You Must Know About Short Term Car Leases

When a consumer is in need of a vehicle for a short period of time, a short term car lease may be the best way to go. Shert term leases typically only last around a year. These car leases can take on many forms, and aren't as easy to find as a traditional lease, which typically lasts two to three years.

CarsDirect Staff • March 21, 2024

Can I Lease a Car for 6 Months?

A six-month car lease is not a commonly used option, but it may be ideal for some depending on their situation. This option is typically used when you're in a temporary situation, like a temporary job, or being out of town for schooling. So, when should you consider a six-month car lease, and is it right

Meghan Carbary • Automotive Content Editor • December 15, 2021

Lease Residual Value: Calculate the Residual Value of Your Car

Learn how lessors determine lease residual value, also known as lease-end value, and whether or not it can be negotiated.

December 13, 2021

Can You Pay Ahead on a Car Lease?

When you lease, the total amount you pay is already predetermined before you sign on the dotted line. You can pay ahead on a lease, but you’re not saving any money – just paying it ahead of time. To fully explain why down payments or pre-payments on leases won’t save you cash, let's go over when

Bethany Hickey • Senior Auto Financing Editor • December 08, 2021

Is Leasing a Waste of Money?

Whether or not leasing is a waste of money depends on what you prefer when it comes to auto financing. If you’re considering leasing instead of buying, let us give you some food for thought. Is Leasing a Waste of Money for You? When it comes to the decision to lease or buy a car, there are things to

Bethany Hickey • Senior Auto Financing Editor • November 10, 2021

Should I Put Any Money Down When I Lease a Car?

When it comes to leasing a new car, whether you should or shouldn’t make a down payment depends on your individual situation. A down payment doesn’t help you save money on the overall cost of a lease like it does for an auto loan. However, it does reduce your monthly payment. A Down Payment Doesn’t

Meghan Carbary • Automotive Content Editor • November 01, 2021