Worst time to lease a car

A car lease is essentially a very long-term car rental. You'll make monthly payments over a set lease term like you would with an auto loan, but the key difference with a lease is that you won't take ownership of the vehicle when your payment term ends.

This arrangement often comes with a lower down payment—or none at all—and the chance to drive a brand-new car every few years. Drivers pay about $143 less a month when they finance with a lease versus a loan, according to Experian data (though they won't own the car once the lease is up, as they would with a car loan).

If you're ready to head out and search for a car to lease, be sure to do your research first.

Can you lease a car for 6 months

Leasing arrangements work differently from other car financing options, so it's important to be aware of the do's and don'ts of leasing a car.

Things You Should Do When Leasing a Car

Here are some of the ways you can set yourself up for success when leasing a car:

Do Understand the Terms

Car leases come with their own jargon, and dealerships may use it when explaining your lease agreement.

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