Economics and Personal Finance/Living + Leisure Expenses

When you lease a car, you use a car for a temporary amount of time.
 * Pros
 * No large downpayment to pay
 * You drive a new, fresh car every few years
 * Monthly payments are not as expensive as buying a car, so you can afford
 * Stay up with the latest technology
 * Cons
 * You never own the car that you've leased
 * You will always have monthly payments to pay
 * You can not modify the car to your own tastes since it isn't your OWN car
 * You have a mileage limit to adhere to

Considerations

 * Performance
 * Safety
 * Odometer mileage
 * Average miles driven annually (per year)
 * Fuel consumption
 * Size
 * Looks
 * Price/payment limit
 * Insurance, costs, taxes, maintenance
 * Options/features
 * Warranty
 * Depreciation and resale

Hidden Costs

 * Tag and title
 * Property tax
 * Sales tax
 * Car insurance
 * Repairs/maintenance
 * Oil change
 * Inspections
 * Gas
 * License renewal fees