While many people are currently choosing to lease a vehicle over owning one, quite a few people still don’t fully understand what they’re agreeing to when they sign the dotted line. It is very important for a customer to understand what a car lease is, and discuss the details of their specific agreement with the dealership prior to agreeing to a term and specifics.
Leasing a car is the act of renting a vehicle for a set period of time at a fixed or agreed price, after which the car is returned to the dealer upon expiration of the lease period. It is considered the alternative to physically buying a car. Below we’ve compiled some frequently asked questions that each person considering car leasing versus buying should know.