On the downside, leases often impose travel limits, and have wear and tear expectations that carry financial penalties. Single people generally don't travel as often or as far as soccer moms and baseball dads. The trips often boil down to the daily commute and short errands. Who knows, you may still have enough miles left to take a weekend getaway. Another benefit for the unencumbered, who may be a move or two from settling down, is the flexibility a leased vehicle can offer.
Contracts run from one to three years.
When the dream job offer does come but it's in Manhattan where garage space is at a premium, you simply return the vehicle and that's the end of the story. And more and more companies are willing to absorb a new employee's financial liability for breaking a lease. Buying a car is still the most popular form of car purchase. Just like buying a home versus renting, it remains the best financial investment in the long run. There is equity in car ownership.