A lease is a way of renting a vehicle and having control of it for a short period, often two to three years. It offers many benefits for you, including:

• Leases offer more affordable monthly payments because you only pay for the depreciation of the vehicle. Most leases have lower down payments, with some even requiring no payment at all.
• Most lease terms are two to three years, allowing you flexibility when it comes to moving on to something exciting and brand new.
• With a new lease every couple of years, you can explore the latest and greatest technology with ease. You can become an expert on brand-new systems that you might not get when you're working with longer purchase term lengths.
• When you lease, you don't have to pay taxes on the full cost of your car as you're only taxed on the cost of your monthly payments. You'll be able to enjoy additional savings when you lease your vehicle.
• With the short term lengths for leased vehicles, you can also enjoy routine maintenance covered by the manufacturer's warranty. Another part of the lease that helps you save money.

Leasing is great for drivers who prefer more affordable payments and who don't want to be locked down by a vehicle for upwards of six or seven years. If you don't drive long distances, a lease is also a great option.