Car Buying Tip-Check Into Leasing An Auto

Oh me, I said the L word! Why is everyone so scared of a lease. Ask anyone who has money and they will tell you to lease anything that depreciates (ie Car) and buy those things that appreciate (ie house). The reason behind this makes sense. If you ever pay a car off before you are through paying for it, you will most likely owe more than it is worth and if you do keep it long term and pay it off, what do you have? An old car that is worth very little! On the other hand, if you lease your vehicle you will have a lower payment and can trade more often without having so much negative equity. Most people are scared because of the mileage limitation, but you can build miles in up front. Now, if you drive 50,000 miles a year, NO, a lease is not for you. If you drive 15,000 miles a year, I would not consider anything other than leasing. Check into GM's Smart Buy option where your name is on the title and you do not have to carry higher insurance coverages. You also have options at the end of the Smart Buy--you can purchase the car, refinance the car, trade the car, turn the car in, or even sell the car. Best of all, with residuals, you know exactly what the car will cost you at the end of 3 or 4 years. Dont be scared of the L word, check it out, it might be exactly the option you have been looking for.