"If an item increases in value, buy it!
If it decreases in value, lease it!"

Leasing is not mysterious, and not just for the wealthy. In the last few years, leasing has become a better way for the average car buyer to take delivery of his or her new vehicle. It is a safe, consumer-oriented bank program for the smart shopper. Here are 10 reasons why!

1. No Down Payment is Required. You don't have to drain your liquid assets! The only fees required at the time of signing the leasing agreement are a refundable security deposit, bank fees and licence fees. However, special arrangements can be made if these fees cannot be made.
2. Much Lower Monthly Payments. Lease payments can run anywhere from 25% to 40% less than financed payments because the future value of the car is deducted before payments are figured. For example, a 48 month lease can be less than a 60 month financed payment. A 36 month lease is around the same as a 60 month financed payment.
3. Drive a Better Equipped Model. The future value of your factory options is also deducted prior to the "First Lease" payment being computed. In other words, you can lease a better equipped vehicle for less per month than if you financed the vehicle.
4. Drive a More Expensive Type Car. Don't settle for a less expensive model because of budget constraints! You can afford to lease a more expensive vehicle for the same payment as a less expensive financed vehicle.
5. A New Car More Often. "First Lease" payments are always less than financed payments. You can lease for 36 months and get a payment close to a 60 month finance. The shorter terms means you can drive a new car every 3 years, not every 5 years.
6. Cash Back for Any Trade-In. Do you want cash back? A down payment is not necessary when you lease a vehicle which means the value of your trade-in is paid back to you in cash. This could mean a vacation, paid-off credit cards, home improvements, a child's education or anything else you want to use it for!
7. Guaranteed Profit. "First Lease" payments are always lower than financed payments. Down payments aren't needed. This means you could invest your hard-earned money in a guaranteed profit. You couldn't do it if you had to pay more monthly and exhaust your savings for a down payment.
8. Potential Profit. You will know today what your future "ownership" price will be. You can pay that and keep your vehicle, resell or trade it and keep any profit you can make.
9. No Trade-in Risk. If the market value of your car is low at lease end due to some unexpected used car depreciation, you can always walk away without any liability for the price of the car.
10. Avoid Prepaying Sales Tax. When you finance, the sales tax is paid all up front in addition to your down payment, or its financed along with the purchase price. When you lease, the tax is paid only every month, the net result is improved cash flow.