What Is a Lease?
To begin, let's tackle leasing. This route involves a short-term contract and lower monthly payments, granting lessees significant savings and flexibility. This is because you're only responsible for covering the vehicle's depreciation once the lease ends-typically in about three years. As a result, you get to enjoy the latest tech without having to spend nearly as much as with financing and without as much maintenance. However, you should be aware that leasing doesn't typically result in vehicle ownership, and you'll be limited to how many miles you can accumulate each year.
