A car lease is a rental agreement where you pay monthly to drive a vehicle you don't own, typically for two to four years. When your lease ends, you return the car to the dealer. Many people choose leasing because the monthly payment is often lower than a car loan, and you avoid repair costs since the car is under warranty. Understanding how lease payments work—what you're actually paying for and what happens at the end—helps you decide if leasing makes sense for your situation.
The articles here explain the pieces that make up your monthly lease payment, how mileage limits and wear-and-tear charges affect your costs, what happens when your lease ends, and how leasing compares to buying. You'll learn what questions to ask a dealer before signing, how to read a lease agreement, and what financial responsibilities come with returning the vehicle.