The CarPoint Leasing Questionnaire

First Question

Do you feel a strong need to drive a new car every two or three years?

Yes  No

Yes   No

Third Question

Do you maintain your car regularly, keeping it in good condition at all times?

Yes  No

Last Question

Is there any reason why you would need to drive more than 15,000 miles per year?

Yes  No

Well, one of the benefits of leasing, on an ongoing basis, is that it puts you behind the wheel of a new car every two or three years. But it's a benefit that comes with a price tag: ongoing monthly lease payments, year in and year out.

Many people who lease cite the need to drive a new car every two or three years as one of the main reasons why they decided to lease.

If a certain "sense of ownership" is not important to you, then leasing could be a consideration. When you lease a car you don't technically own it. You do, however, have it in your driveway--available for whatever driving plans you may have.

If the concept of "ownership"--and all that it implies--is important to you, then leasing might not be your cup of tea. When you lease a car you don't technically own it. You are paying to drive it.

If you're thinking of leasing, then this is a good thing, because leasing companies require that you take good care of the car you are leasing. It seems as if you would have no trouble meeting this requirement.

Regular maintenance contributes greatly to a vehicle's overall reliability and future resale value. If you buy a car rather than lease it, maintenance is nobody's business but your own. But if you're leasing, routine maintenance is mandatory.

If you're thinking of leasing, this could be a problem. Leases typically include an annual mileage cap of 15,000 miles. At the end of the lease, returning a car that has exceeded its cap can cost anywhere from 10 to 15 cents per mile for excess miles--and that can add up.

We hope these questions have helped you evaluate how you feel about leasing. For more information, check out our article, To Lease or Not to Lease.

Leases typically include an annual mileage cap of 15,000 miles--with charges of 10 to 15 cents for each mile driven over the cap. If you need to drive in excess of this cap, then leasing might not be right for you. But, in your case, this doesn't appear to be a consideration.

We hope these questions have helped you evaluate how you feel about leasing. For more information, check out our article, To Lease or Not to Lease.