Some people think that driving a car that's leased is like driving a car that is not theirs. This is not quite the case, however.
If you rent a car, you pay for a specified time and mileage to drive that car. It's a simple, straight-forward, one-time payment for use. With a leased vehicle, however, you generally will make a down payment and the car will be leased to you, and you have all the rights and responsibilities of ownership of the vehicle. It is registered in your name, you make timely payments, and you must maintain the car according to the factory recommendations. The difference is that at the end of the lease, you may purchase the vehicle for a greatly reduced price, since you have literally bought the price down by making payments.
If you purchase a vehicle, it is registered to you, with the title still being held by the bank, until all payments are made. There are other differences. See your local dealer and talk with them to investigate which way is best for your budget and needs.
If you rent a car, you pay for a specified time and mileage to drive that car. It's a simple, straight-forward, one-time payment for use. With a leased vehicle, however, you generally will make a down payment and the car will be leased to you, and you have all the rights and responsibilities of ownership of the vehicle. It is registered in your name, you make timely payments, and you must maintain the car according to the factory recommendations. The difference is that at the end of the lease, you may purchase the vehicle for a greatly reduced price, since you have literally bought the price down by making payments.
If you purchase a vehicle, it is registered to you, with the title still being held by the bank, until all payments are made. There are other differences. See your local dealer and talk with them to investigate which way is best for your budget and needs.
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