| People have often looked at leasing new cars as | | | | course of those 4 years, you'd pay the $6,000 |
| some kind of scam. The truth is, leasing is an entirely | | | | difference, or about $125 a month (with interest). This |
| legitimate contract that has simply been seen as a | | | | makes driving a luxury car very affordable for even |
| scam by people who weren't quite sure what they | | | | the tightest budgets. |
| were getting into. By educating yourself, you can save | | | | As with any contract, it's very important to understand |
| yourself from that scam. | | | | the wording thoroughly and to ask questions if you are |
| Leasing a new car is a lot like renting one. With a | | | | unsure. If you are really doubtful as to the lease's |
| leasing contract, you take out a certain number of | | | | efficacy, don't feel afraid to enlist the help of a lawyer. |
| years on the car. For those years, you pay a low | | | | A one-time fee from a lawyer to guarantee the |
| monthly fee for the usage of the car. However long | | | | contract is worth avoiding high fees and a painful |
| you have the car, however much the car depreciates | | | | cancel clause in the wording. |
| in that time, is how much you pay. | | | | Buying a car can be an expensive proposition. Leasing |
| For instance, you lease a car that's worth $20,000. | | | | a new car makes even the most luxurious of rides |
| You lease the car for a 4 year period, over which time | | | | available to everyone. |
| the car depreciates to a value of $14,000. Over the | | | | |