5 Reasons It’s Smart to Lease a Car Right Now – NerdWallet

Buying a vehicle is a commitment even in the best of times. A down payment ties up a lot of ready cash. You make payments for 48, 60 or even 84 months. And worse, the car loses value as soon as you drive it off the lot, which means you may owe more than it’s worth for years.

That’s not a great fit in this pandemic-driven recession, where flexibility and adequate emergency savings are keys to financial survival.

Right now the answer to the lease-or-buy question “is a very big ‘yes,’ for leasing,” says Oren Weintraub, president of Authority Auto.

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