You have nothing to trade-in on your next vehicle. You may also have to pay a large amount of money if you wish to purchase the vehicle. Tips to Remember When Leasing Don't decide to lease a car just because the payments are lower than a traditional auto loan. The leasing payment may be lower because you don't own the car at the end of the lease. When shopping for a lease, shop around for the best deal.
Financial arrangements vary as much as car models themselves.
Be sure to get all terms agreed upon in writing. Do not sign the lease agreement or give a deposit until you thoroughly read, understand and are satisfied with the terms of the completed lease agreement. Once you sign the lease agreement, you have no legal right to cancel. Ask what penalty you will face if you decide to cancel your lease early. Ask what interest you will pay.