You drive less than 12,000 miles a year, want a lower monthly payment, and enjoy having a brand-new car every few years.

Since the lease is short, the car is typically covered by the manufacturer's warranty for the entire time you have it.

Most leases cap you at 10,000 to 15,000 miles per year. Going over can be expensive.

you finance the total purchase price plus interest. Eventually, you stop making payments entirely. Pros: