Car leasing is an alternative to purchasing a car in which, you can keep the vehicle for a specific period of time and return it back to the dealer after your lease period is over. Basically, it is meant for people who want to drive the latest car models in the market but do not want to purchase each and every one. Most commonly, the car leasing contracts are signed for 6 to 60 months and you may even be allowed to purchase the leased car when your lease period is over.

If you have leased the car, you not only need to return it after the specific period but you also cannot run it more than a specified distance. Therefore, if you need to drive the vehicle too much, then car leasing may not be the right option for you. You will also need to pay security deposit which will be returned back to you if you return back the car in good condition.

This entry was posted on Sunday, November 22nd, 2009 at 5:11 pm and is filed under Car Leasing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.