When To Lease An Auto

March, 1981

Your next new car--should you buy it or lease it? For a growing number of drivers, the answer is lease. Corporations are the most frequent leasers, but leasing by private drivers has jumped 179 percent in the past decade, making it the industry's fastest growing segment. Basically, a lease is a long-term car rental (usually one to three years) and it can--for some drivers--offer dollar savings. Auto dealers, some banks and independent companies such as Hertz, Avis and National all handle leases....