As they do with financing, most dealers take advantage of manufacturer sponsored programs, such as GMAC's SmartLease. Dealers generally prefer to assign their lease agreements to other creditors rather than handle the account administration and collections themselves.

Want to Drive a New Vehicle Every Few Years?

If so, leasing may be for you.

• On the plus side - the monthly payments are usually lower than monthly finance payments on the same vehicle for the same term
• On the minus side - at the end of the lease, you must return the vehicle unless the lease agreement allows you to buy it at that time

Other Leasing Considerations

There are other factors you need to know if you choose to lease. Two of the most important are: