Understand Your Low Low Monthly Car Payments
As vehicle prices became more expensive, automobile leasing made the leap from business owners to individuals. Leasing allows people to get a newer, more expensive vehicle with lower payments than you would if buying it.
While leasing is ideal for businesses and those, who are self employed as they can write off lease payments against income, leasing can be a very expensive option for those who cannot take advantage of the tax write off.
Leasing has appeal to the dealer because they are selling you on a low monthly payment that is easier to accept than a large purchase price that is closely scrutinized and haggled over.