Leasing a car can be pretty complicated if you’ve never done it before. Who are we kidding -- it can be pretty complicated even if you’ve done it before. This is due to the fact that the car leasing industry keeps customers in the dark about a lot of things, ensuring that they get customers who don’t know anything about leasing jargon, loopholes, and regulations and can therefore be easily upsold.
When doing a cost comparison, it’s important to understand what the terms of your cost comparison are. Updating your car can take the form of two distinct courses of action: you could lease a new car, or buy a new car.