Is Leasing Right For You?
Answer each of the questions below, then tally the total points to learn whether leasing is a good or poor option for your next auto transaction.
|1. I expect to hold onto the car:|
|3 years or less||1 Point|
|Between 3 & 4 years||2 Points|
|For as long as it lasts||3 Points|
|2. The condition in which I keep my car is:|
|Mint: it looks good as new||1 Point|
|It has a few minor dents, scratches and interior stains||2 Points|
|It has that "lived-in" look||3 Points|
|3. Within a year, I typically drive my car:|
|12,000 miles or less||1 Point|
|12,000 to 15,000 miles||2 Points|
|Over 15,000 miles||3 Points|
|4. I frequently use the car to do the following:|
|To commute more than 20 miles each way to work.||Give yourself 1 point
for each that applies
|To transport small children or pets.|
|To take trips on gravel-surface or dirt roads.|
|To haul heavy cargo.|
|5. To get this car, I am willing to put down:|
|20 percent or more of the purchase price.||3 Point|
|Some money, but less than 20 percent.||2 Points|
|Nothing at all.||1 Point|
If Your Total Score Is:
4 to 7 Points
You're a good lease candidate.
8 to 10 Points
Leasing and buying are both reasonable options.
11 to 16 Points
Buying is a better choice.
Links to Other World Wide Web Sites on Leasing
Interactive Auto Calculator: Should I lease or purchase?
Other Lease Web Sites:
- Automobile Lease Guide
- Keys to Vehicle Leasing: A Consumer Resource
- Automobile Leasing: The Art of the Deal
- Edmund's New Car Prices and Reviews
Leasing has become the choice of millions of drivers. Is it for you?
Note: The links on this page that go to web sites outside of this agency's control are provided as a convenience only. The Department takes no responsibility for their content.