Lease
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Blog
Should You Lease Your Next Car?
In the situations that follow, buying—either financing or purchasing a vehicle outright—makes more sense. You drive a lot or put a lot of wear and tear on your car. Most leases cap how many miles you can drive—usually 10,000 to 15,000 per year—and will charge you 10 to 30 cents for every mile you go over your limit. For many…
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Blog
How to Get the Best Car Lease
Buying and leasing have one thing in common: You should first negotiate the price of the vehicle. Only after you have a firm price should you discuss leasing. After all, it’s a form of financing. Whether you’re comparing leases or evaluating a single offer, pay particular attention to the lease interest rate, aka the “money factor.” This is a small…
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Blog
How to Lease an EV or PHEV With a $7,500 Tax Credit
To get an estimate of whether a lease makes financial sense, we recommend calculating the total cost of a lease, comparing it to the cost of a purchase, then subtracting how much the car will likely be worth when you sell it. For example, Ford offers a $389 per month lease for 36 months with an initial payment of $5,539…
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