Leasing a car is a great option for many people, as it can often be cheaper in the short term to rent a car than it is to buy one. You get a benefit from this method in a number of different areas:

• With a leased car, you typically have a short period on the contract, two or three years, and after that period has elapsed you can quite easily trade it in for a new car, of the same model or an entirely different one.
• The payment scheme will often allow the car to become yours after a set period of time. So if you’ve been leasing the same car for three years, depending upon the contract you’ve signed, it may become owned by you as well.
• You can also stop the lease at any time, which means that you aren’t saddled with a contract which you can’t escape should you lose your job, or your money needs to be spent elsewhere.