Car Leasing 101

Welcome to the first step in our online auto leasing school. In our car leasing 101 you'll learn the very basics and foundation of auto leasing.

At this point we'll assume you do not know what car leasing is, or you have a very general knowledge of it, or you're simply seeking a refresher. Either way, car leasing 101 is to simplify the concept of auto leasing and the basic understanding of what car leasing is, what the advantages and disadvantages are and the difference in financing via leasing versus other methods, and more.

You're likely here because you're either thinking of getting into a new car lease, or considering taking over a car lease. Auto leasing does have some great advantages over buying and renting, though you need to have some knowledge on the subject so you can negotiate the best lease deal for yourself.

We'll also cover what we believe should be common knowledge among anyone considering to get into a car lease, but rarely known, and that is how the individual can get out of a car lease early, with no penalties through swap a lease process of lease assumption. While we'll go into further detail on what a lease assumption is, the concept allows the individual to transfer a car lease to another individual who takes over the current lease agreement for the remainder - known as a short term lease.

Auto leasing is not for everyone. To determine if auto leasing is for you, one needs to evaluate their personal and financial situation to determine if auto leasing is right for you. Everyone has their reasons, and auto leasing can be a fantastic, non scary method to acquirying your dream car at a lower expense than buying vehicle outright.

So let's begin auto leasing 101 and first look at what is an auto lease and how car leasing works.