As the final months of your car lease tick down, your decision is to buy your leased car or turn it in. In fact, the leasing company, or the dealer where you leased it, is probably already bugging you to turn in the vehicle early and lease another. Time is running out to pick: return or keep.
Other than the ease of writing off those lease payments as a business expense, if you qualify, the key reasons for leasing are lower monthly payments and the opportunity to move to a new car every two or three years. All three will factor into your return-or-keep decision process.
What does leasing a car mean?
The key to leasing is depreciation or the amount of lost value. It begins the moment you drive a new car, truck, or SUV off the dealer’s lot. On average, vehicles depreciate as much as 20 percent the