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Car leasing is a long-term rental agreement where you pay a monthly fee to use a car for a set period, typically 2–4 years. At the end of the lease, you return the car or have the option to buy it.
Leasing often comes with lower monthly payments, minimal upfront costs, and access to newer models with the latest features. It's ideal if you like changing cars frequently.
Yes, leases usually come with annual mileage limits (e.g., 10,000–15,000 miles). Exceeding the limit may result in additional charges.
You typically have the option to return the car, purchase it at a predetermined price, or lease a new vehicle.
Costs may include a down payment, monthly lease payments, taxes, registration, insurance, and possible fees for excess wear and mileage.
