Remember, a lease is basically a long-term rental of a vehicle. At the end of the lease, you’ll have to return the vehicle. In addition, while you’re driving you’ll be restrained to the miles you’re able to drive and more. You’ll get charged a fee for every mile over the restriction.
Good Lease Deal
A good lease deal is no money down with a term of 36 months or less. Furthermore, a $200 monthly payment is something to key an eye on or something relatively close. Beware of cap reductions, as they are really just monthly payments paid in advance to make a bad deal look better.
There are some things to watch out for. And one of those things is to avoid cap reductions. Cap reduction is just a payment over the lease that will lower the lease amount. However, you don’t need to do that do resume the monthly payments.