Five Car Leasing Myths »

Five Car Leasing Myths

For all car enthusiasts, first time car buyers and in general, all people with the intention to lease a vehicle this year; we have put together a list of the most common car leasing myths:

1. Buying is cheaper than leasing
Generally, this is only true when you keep your car long after the the
loan has been paid off or if you paid in cash. If you trade-in your
car before it’s completely paid off, leasing could actually be

2. It’s impossible to negotiate a good deal
You can actually negotiate an even better deal by learning some basic
car leasing terminology, including capitalized cost, residual value
and money factor. Request free quotes from competing dealers using to get the upper hand in negotiations.

3. Only businesses get tax breaks on car leases
Individual drivers can get them, too. In almost all states, you just
pay sales tax on the monthly car payments, rather than the purchase
price of the vehicle. There are exceptions, though: Texas, Virginia,
Arkansas, Maryland, and Minnesota.

4. You have to pay large fees when you return the car
You can negotiate every aspect of the lease, including a higher
mileage limit if you need it.

*5: If you want out of the lease early, you’re stuck *
There are opportunities for people who want to switch cars early to
connect with those looking for who want a short term lease.

Visit for great lease offers on the car of your dreams!

What Our customers are saying

The lease rate I got by calling the dealer was $67 higher than the rate I got from Car Leasing Secrets. It’s all about the local competition. So happy with my Benz!
Cristoph Wiese
Athens, GA
This is probably the easiest way to get quotes and compare them. I got one from each dealer in my city. One of them was surprisingly low. The quotes are free. No worries there.
Kristen Fletcher
Albany, NY
What a great way to shop around! I wanted a Corolla. There’s only one Toyota dealership in my city but I got a quote for a Honda Civic and decided to go with that one because I got such a good offer.
Mark Dolan
Missoula, MT