car leasing

Car leasing is a financ­ing option where you pay to use a vehicle for a fixed period, usually 2-4 years, instead of buying it outright. You make monthly payments that cover the car’s depreciation during that time, plus interest and fees. At the end of the lease, you can return the car, buy it at a pre-agreed price, or lease a new one. Leasing often requires lower upfront costs and comes with the benefit of driving a new vehicle regularly, but there are limits on mileage and potential fees for excessive wear or early termination.