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Auto Leasing 101

1. Some Facts about Leasing	5. Your Lease Obligations and Responsibilities
2. Differences Between Leasing and Buying	6. End-of-Lease Considerations
3. Types of Leases	7. Your Options
4. Initial Lease Costs	8. Basic Advantages and Disadvantages

8. Basic Advantages and Disadvantages

	LEASING	BUYING
ADVANTAGES	lower monthly payments little or no down payment more expensive car for less money more cash available for other purchases sales taxes paid over term of lease possible tax benefits - check with your accountant	equity and ownership
	LEASING	BUYING
DISADVANTAGES	no equity/ownership in the vehicle potential early termination liability potential end-of-lease costs like excess wear and tear and additional mileage charge	higher initial cash outlay higher monthly payments fewer dollars available for other uses

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