Did you know?

When leasing, someone is actually buying the vehicle - it's just not you.  In most lease deals, the lessor (usually a bank or leasing agency) buys the vehicle from the dealer or manufacturer and then leases it to you.

You, in turn, pay the lessor for the right to drive the vehicle during the term of your lease.  The monthly payments made on a vehicle lease are actually quite similar to monthly payments on a vehicle loan.