If confused and you feel pressured to lease or buy, walk away. Do not let salesmen trap you m the store, wearing you down into signing a contract to either lease or buy. The computation of how much you pay can be very complicated, and the rebate you thought you were getting for your old car can be easily left out. It may be safer to sell the car yourself than to risk losing your rebate. If you want to have the option to purchase the car after the end of the lease term, have the lessor show you the purchase option price.
Federal law requires disclosure of the actual dollar amount.
Add this money in when comparing a lease and a purchase on credit. Lessors will not tell you the interest rate you are paying on the lease, even though the lease payments are computed based on an interest rate. Insist on being told this number. The advantages of leasing are frequently outweighed by its disadvantages. Weighed against these pluses are the following.