Do your neighbours seem to purchase a brand new vehicles every three or four years? Perhaps you’re wondering if they won the lottery and didn’t tell you. Or, they could have decided that leasing a new vehicle is the best option for them.

Leasing a vehicle is not much different than renting or leasing anything else: You pay for the use of whatever you’re leasing or renting instead of outright purchasing it. Like anything else, there are advantages and disadvantages to both leasing and ownership and you’ll have to look at your own circumstances to decide what’s best for you. (more…)