Car leases will require you to pay a specified amount of money every single month for the term of the lease contract. Purchasing a vehicle will enable you to own the vehicle yourself and would only involve monthly payments if you get an auto loan. Let's quickly consider the main benefits of leasing your car.

Leasing is usually a more affordable option than purchasing or financing a vehicle with an auto loan. The bank will buy the vehicle for you from the dealership and then they would lease it back to you for about half of its value. You will pay a smaller fraction of the value of the vehicle and, as such, will only have to cover smaller monthly charges.

The future value of the vehicle isn't something you have to worry about when you lease it. When you buy the car it is going to lose value and therefore you can lose out. If you lease the vehicle, on the other hand, only the bank will lose out.

There are always going to be many options available to you when you lease. Often people find that they are able to afford a nicer car. In addition, you will have the opportunity to swap your car every few years or so. This is not necessarily something that is possible if you keep purchasing vehicles.

Generally the entire term of your lease will be under warranty. This is going to give you a great deal of peace of mind knowing that all damages and repairs will be covered.

Car leasing is certainly a good option. It is important for you to consider your personal situation before making the decision as to whether to lease or buy.