If new car prices are proving to be too high for you in this tough economy, then there is another option you can consider – car lease. Leasing is a convenient way of getting a new truck or car every few years without worrying about selling off the vehicle, something the leasing company will handle for you.

But you have to make an important financial decision at the end of your lease term. You should decide whether you want to lease a new car and return the one you have or buy the car at the pre-determined end-of-lease price. While lease payments may look low in comparison to the loan amount you will have to borrow to purchase your dream car, leasing does not work for everyone.
[Read more…]