There are two main ways to get a vehicle, buying and leasing. When you buy a car, truck or SUV, your payment options will either be cash or financing. Leasing a car, on the other hand will tend to provide a lower payment compared to buying although most manufacturers will offer payments based on approved credit...

A car’s residual value is the value of the car at the end of the lease term. The residual value is also the amount you can buy a car at the end of the lease. A residual percentage will be provided..

If you prefer driving a new car every 2 to 3 years, leasing is probably the best option compared to purchasing. Here are 7 things to consider before leasing a car.