ELI5-How do car leases work?

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I’m thinking about getting a leased car but I owe on my current car loan. How do I get a good deal on a lease? What are residuals? What are buy backs? How do you buy your car once the lease is over if you don’t give it back? I’ve only ever bought cars and never leased because I don’t know how they work and not get ripped off. I’ve Googled but I still don’t get it.

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5 Answers

Anonymous 0 Comments

You may want to check out Jalopnik’s series of articles on leasing (just search “Jalopnik Lease”).

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