Read this tip to make your life smarter, better, faster and wiser. LifeTips is the place to go when you need to know about Car Leasing and other Auto Loans topics.
Sure it sounds good, but is it? The lease term on your new or used car is the length of the lease expressed in months. Typical lease terms range from 24 months to 48 months. While a longer lease will generally result in a lower monthly payment, you end up paying more overall due to the extended term.
*Never agree to a lease term that exceeds the car's general warranty.
|Jennifer Mathes, Ph.D.|