Quote:
Originally Posted by SteveSpy
What protection are you referring to?
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nothing direct...for example if you get into a accident or if someone hits, you can just return the car at the end of the lease and not take the negative equity hit vs if you trade-in your financed car with a accident on the car fax.
leases usually include gap insurance as well.
some states allow you to pay state tax monthly on the just the lease amount vs if you financed the car you would need to pay for sales tax for the whole car up front and you pay interest on that additional amount toward the principle.
if it was a 20k civic it doesnt matter but on a 60k car...the numbers start to add up.