Leasing a car

Did you rent to own the furniture in your house too?

you can't possibly know that based on the information he gave you

leasing means that you are basically renting the car for 2/3/4 years and have a down payment or trade in to start with and than have a monthly payment. They usually give you mileage restrictions and will charge 25 cents per mile overage (25 cents per mile can add up quickly)

Financing means that you are making payments to own the car at the end of your payments. This also requires a down payment or vehicle trade in.

It's usually not worth to trade your vehicle in because they will just tack on most of the trade value to the final price you agree on anyway, you have more negotiation room if you sell your car straight out than you can keep some of the money for yourself and put the rest on a down payment.

There are numerous pros and cons depending on the car your trading in/down payment size, credit rating, and the car you are leasing/financing. For some people it's better to trade in and do leasing, for others it may be better to make a down payment and do financing, it all depends.

Sure I can, because I know the purpose of leasing. It's to pay the depreciation of the car during the term you own it, then you having the option to buy it at dealership market value.

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