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Lease to Roam

By Published on .

Looking for a new set of wheels? More people than ever are choosing to lease their cars, and they're doing so in greater comfort, according to the Bureau of Labor Statistics. Not only are leased vehicles seven-and-a-half years newer on average than owned vehicles (ten years), they've got all the goodies, too. But loading up on options costs consumers - or, should we say, borrowers - a little more. The average down payment for a leased vehicle is $2,066 - $400 more than for an owned vehicle, although trade-ins for a leased vehicle are worth roughly $700 more than for an owned vehicle.

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