There are many points which one needs to keep in mind before leasing a car. Some good points associated with car leasing are that monthly payments are generally 30% to 60% lower as opposed to purchasing a car.
Leasing allows people to drive a car which would have been out of their budget otherwise and infact most leases don’t even cost more than $275 per month. Another thing about leasing a car is that repair and maintenance is usually covered in the lease and when a typical lease is up, one can move on the next car.
The downside of leasing a car is that the mileage limit is 10000 miles per year and excessive wear and tear of a leased car is held against the lessee. Another issue with leasing a car is that a leased car cannot be modified in any way you can’t even install a new sound system in it. Some best cars to lease are Jaguar S-Type, Mercedes Benz CLS, Cadillac STS-V, Audi A4 Cabrio and GMC Yukon Denali.
Some reasons why people skipped their car lease in the year 2012 are because of their family size, gas prices, insurance costs, maintenance costs and financial concerns.