Lease payments reflect national market averages, based on various factors including sales prices, APRs and residual values. Monthly payments are estimates and, when available, may include manufacturer promotion(s). Note that final payment amounts offered by a dealer are unique to a buyer's situation: a specific vehicle (VIN) with specific trim and options, annual mileage allotment, a buyer’s geographic location, trade-in or down payment amount, additional cash due at signing, credit score and term of lease.
How does leasing a car work?
For some car buyers, leasing is a great way around depreciation. However, leasing isn't for everyone. For many consumers, it's worth asking the question "what does it mean to lease a car?". In this guide to leasing a car, we'll explain all there is to know about leasing, and how to shop smart in 2025. Learn more in our comprehensive guide to leasing a car
Is it better to lease or buy a car?
The decision between buying and leasing a car is a tricky one. In 2025, this choice is even more pertinent due to shifting market dynamics and attractive manufacturer incentives. Drawing insights from CarEdge Co-Founder Ray Shefska, we delve into the nuances of buying versus leasing to help you make an informed decision. Read more about the pros and cons of leasing
Watch & Learn the "Golden Rules" for negotiating a lease in the video below:
Leasing vs Buying
Leasing could be a great option for you, but it depends on your individual needs and priorities. It's important to understand what your lease payments cover and the specific rules that apply to leasing, such as mileage limits, wear and tear charges, and end-of-lease options.
Leasing a vehicle is like entering into a long-term rental agreement. Unlike a traditional car purchase, you don't gain ownership of the vehicle. Instead, you are paying to use it for a set period and mileage limit.
Lease payments reflect national market averages, based on various factors including sales prices, APRs and residual values. Monthly payments are estimates and, when available, may include manufacturer promotion(s). Note that final payment amounts offered by a dealer are unique to a buyer's situation: a specific vehicle (VIN) with specific trim and options, annual mileage allotment, a buyer’s geographic location, trade-in or down payment amount, additional cash due at signing, credit score and term of lease.
