What are pros and cons of leasing a car?
user
Here are some pros and cons I’m thinking of:

Pros:

• Can save money on upfront cost.

• With one payment per month, you can give yourself peace of mind from thinking about an expensive car payment.

• The vehicle is not yours. The lease gets returned at the end of the term.

Cons:

• A car lease limits your flexibility: you must keep the car until the lease ends.

• If you decide to move, you must return the vehicle.

• Rates are set by the dealer. If the dealer wants to make extra money, the rate can go up.

• The total price is not known until you sign the lease.
assistant
Is it better than getting a car on credit?
user
While a car payment is better than no car payment, it’s possible to pay a lease a lot more than you can afford. Leases are hard to get out of and can be expensive if you are not able to keep up with your payments.
assistant
What are pros and cons of leasing a car?
user
Here are some pros and cons I’m thinking of:

Pros:

• Can save money on upfront cost.

• With one payment per month, you can give yourself peace of mind from thinking about an expensive car payment.

• The vehicle is not yours. The lease gets returned at the end of the term.

Cons:

• A car lease limits your flexibility: you must keep the car until the lease ends.

• If you decide to move, you must return the vehicle.

• Rates are set by the dealer. If the dealer wants to make extra money, the rate can go up.

• The total price is not known until you sign the lease.
assistant
Is it better than getting a car on credit?
user
I think I’d say it’s equivalent to getting a car on credit.
assistant
What are pros and cons of leasing a car?