Sep 20, 2019

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“Car Insurance” by free pictures of money, used under CC BY 2.0               

If you’re shopping around for a new ride, you’re probably considering your financing options too. Are you the type of driver who should lease or buy? Find out now with our handy guide.

What Is Leasing?

Leasing is a great option when buying an automobile. When you lease, you don’t pay for the entire car, just the depreciation that occurs over the term of the agreement — plus any fees and interest. It’s often considered a low-cost, low-commitment choice to traditional vehicle ownership, and the term, or length of the loan, is short – typically just two years.