July 2022

How to Lease a Car—and the Mistakes to Avoid   Car leasing is at an all-time high. According to statistics, the worldwide car leasing market will be worth $131.10 billion in 2029. Many people prefer leasing cars to buying cars because it’s affordable. They are also able to drive new cars, cars they couldn't afford if they were buying. But leasing can be hard for first-timers—people with little knowledge of how the process works. They may either walk away with a great deal or pay more than they should have. Thinking about leasing? Here are the top 4 mistakes to avoid. 1.   Ignoring Car Maintenance Just because you’ll eventually return the leased car to the dealership doesn’t mean you should ignore basic maintenance. Scratches and dents on the car may cause you to pay more at the end of the lease term. There’s normal wear and tear the dealer won’t charge you for, but they won’t overlook everything. Also, what's considered normal varies by dealer. Check the damages/wear and tear clause to know what the dealer considers excessive damage. Take good care of the car and do not assume the dealer will be lenient. Dealers thoroughly check vehicles at the end of the lease term for