---

Car leases in the past weren’t always seen in a positive limelight. But in recent years the rules that govern car leases have changed and today a car lease is a viable option to buying a car. In fact, a car lease might be exactly what you need. Let’s look at some of the advantages a car lease can offer.

• Low Down Payment – A lease generally asks for the first and last month’s lease payment, which is significantly less than a down payment if you are purchasing. Of course, you can put more down if you want a lower lease payment.

• Smaller payments – Lease car payments are a fraction of what a payment is if you are buying a vehicle. The reason a lease payment is less is that at the end of the lease there is a large balloon payment. At that time you can pay the balloon payment and buy the vehicle, turn the vehicle in and either walk away or sign on for another new vehicle lease.

• Business write off – A lease payment is much easier to write off than a purchase payment. It’s less calculating, and less messy all the way around.

• Lease does not affect debt ratio – Businesses like leases because it does not affect poorly on their debt ratio. In fact, it has no affect on the balance sheet what so every. This means a company can carry a significantly higher amount of debt without it being reflected as debt.

• Afford a more expensive vehicle – Because of the balloon payment at the end of a lease, your monthly payments are significantly smaller than when you purchase a vehicle. On average they are about half the size. This means you can afford a much more expensive vehicle than you could otherwise afford.