And keep in mind that when you shop may make a difference in the final price you pay. December, when more folks are worried about holiday shopping than car shopping, is another good time. Then end of the month, when salespeople are trying to fill their quotas, is also prime deal-making time. Leasing is an increasinly popular way to get a new auto. A down payment may not be required.
Monthly payments are generally lower.
Enjoy a new car more often. Conveniently turn in the auto at the end of the lease than negotiating a trade-in value or sale. You get no trade-in or resale value at the end of the lease. Steep charges to break the lease early. May be charged for excess mileage or excessive wear and tear.