AskPatty Certified Female Friendly Logo
How do I know if a lease is a good deal? How do I compare the lease vs the loan?

Answers from the Automotive Experts

Jenny Trostel, Partner at Anderson of Hunt Valley When you lease a car, you are renting it for a period of time. When that period on time is over you can return the car to the dealer and lease or buy another one. You also have the option to buy the car at the residual value at the end of the lease. Leasing is a good way to have a newer car at a lower price as long as you do not drive more miles than the lease says. The leasing company accepts the depreciation of the car. When you buy a car and get a loan, you own it and the car has value when you trade it in (less any outstanding loan). If you tend to drive a lot or keep a car for a long time, then leasing is not always the best option. Take your time to decide which option is best for you. Good Luck!

Contribute to this question:

blog comments powered by Disqus

Related Ford Edge FAQs

  • The airbag light has come on. It stays on, no blinking, just a solid light. How do I fix ... Read More
  • Hello, I have a 2010 Ford Edge, I've had someone tell me I should have the radiator ... Read More
  • The Service Engine light came on in my 2009 Ford Edge and all of a sudden, the car ... Read More
  • I started this night job were I have to use my edge for 8 hours while i'm on the job.the ... Read More
  • Does the Ford Edge comply with all California state laws regarding emissions, and all ... Read More
  • The first time I fueled up my gas tank of my 2001 Ford Escape, I noticed my emmission ... Read More
  • We have 2 college students at home for the summer who need cars for their jobs. We do not ... Read More
  • I keep receiving things in the mail about an extended warranty. What is an extended ... Read More
  • There is a bumpy sheet of what looks like aluminum that covers a small section underneath ... Read More
  • I have noticed some wispy steam coming from my radiator; my overflow looks like the level ... Read More

Need Car Advice?

Ask The Experts!

Looking for a New or Used Car?

Search for our Certified Female Friendly® Car Buying Marketplace locations

Help Our Charities