Leasing

It can be worth your time if your needs and wants line up with what leasing has to offer, but not everyone can qualify to lease a car.

Car leases are short, ranging from 24 to 48 months, and you may be wondering what happens next once your lease is up.

Depending on the type of vehicle you lease and the deals that are being offered, the average car lease term typically ranges from 24 to 48 months.

If you’re thinking of leasing a car in the near future, you’re not alone. According to recent Experian data, leasing makes up over 30 percent of all new vehicle financing. Deciding if leasing is right for you comes down to whether or not the pros outweigh the cons.

To lease or to buy? This is often the question when you’re ready for another vehicle. Both financing routes have their pros and cons, but when you’re struggling with credit issues, you may find that getting approved for a lease won’t be as easy as qualifying for financing.

If you need a car for college, you may be wondering if you should lease or buy a vehicle. While both options may work, you'll find that qualifying to lease a car is more difficult than it is for financing, especially if you have a limited credit history.

A walk-away lease is an old way of simply saying lease. Also called a “true lease,” or a “closed end” lease, it refers to the type of leased vehicle a lessee turns in when the term is up. Just because low credit makes leasing more difficult, it doesn’t mean getting a walk-away lease is completely out of the picture – you just need to work with the right dealer.

How much car you can afford to lease ultimately depends on your own budget and finances. Leasing a car can be costly, and not everyone will qualify.

Leasing has become a popular alternative to car buying. You get a new car, drive it for a few years, and have the option to buy it or turn it back in and lease again.

There’s a lot of enticing advertising out there about leasing a car that often draws consumers into local dealerships. If you're a bad credit car buyer, however, you're likely to walk away unable to qualify for the deals you expected. Don't let that end your new car dreams – there are dealers who can work with you, you just have to know where to look.