More Misconceptions about Leasing...

A lease consigns you to always making payments...
At the end of most leases, the contract entitles you to buy the vehicle at a set price. If you choose not to you can just walk away. Had you purchased the car you would still be paying 1 to 2 more years and would be in a position to having to sell the vehicle or trading it in at a price that may not meet your expectations. Generally most consumers stay in a late model vehicle until warranties run out or we just grow tired of the car we are in. In a leased vehicle your finance period is much shorter and you options to change to either upgrade, downgrade or stay in a similar vehicle that is brand new again much sooner than in a traditional finance.
There are additional expenses at lease end…
If all requirements concerning vehicle condition and mileage are fulfilled, there is no further obligation at lease end. You may simply turn it in and walk away, purchase the vehicle or lease another new vehicle. Every lender is different and it is important to read about the lease termination requirements for each lender.