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If you want to get a vehicle but are not sure what ownership option is best for you, you have come to the right place! Let's explore the pros and cons of buying and leasing to find the right decision for your current budget and lifestyle.

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You have to think about where you are now, and where you want to be in the future while making a decision. What yields the best result in the end? Can I be consistent and disciplined in my payments? What are my other financial obligations?

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If you are new to the idea of owning a vehicle, this website gives you a concise overview of your three options. With multiple pros and cons for each option, this is a great took for learning which path to research more.

I chose this as the first website because it introduces the three options, without an overwhelming amount of information. People feel overwhelmed when presented too much information all at once about something that requires a lot of thought at money.

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When you buy a vehicle you have a few different ways of paying for it. If you have enough money to pay off the full value of the car right away you can buy it outright, but that is rare. For most Ontarians, they need to borrow from a bank or other lender in order to pay for a car by leasing or financing it. Below you can read our guide on leasing and financing a car works and what the advantages and disadvantages are.

Leasing a Car in Ontario

When you lease a vehicle, you enter into a contract with a dealership or leasing company that provides you with use of the car for a set period of time. In exchange, you have a set monthly lease payment for the duration of the lease and you are responsible to for the insurance and maintenance. At the end of the lease, you can choose to buy the vehicle or return it to the dealer and then lease or buy a different one.

There are a few benefits to leasing a car:

However, there are restrictions on what you can do with the vehicle that come with extra cost penalties if you do not adhere to them-one example is a limit on how many kilometers per year you can drive it. You also pay additional fees if you want to end the lease before it is finished.

Did You Know? On average, a new car is only worth around 37% of what you paid 5 years after you bought it. Some vehicles depreciate more or less than this, so depending on what model you choose when you lease it you can save or spend a lot of money.

Financing a Car in Ontario

When you get financing for a vehicle you are getting a loan directly from a bank, dealership, or credit union to buy the full value of the car. You can negotiate the length of time required to pay off the loan, the interest rate and monthly payments. Basically, if a car costs $10,000 and you only have $4,000 that you can pay right away, you ask for the rest of the $6,000 in a loan and in return they charge interest that is spread over the monthly payments for the duration of the loan.

Here are the benefits for financing a car:

When you finance a vehicle you get full ownership. You can drive it however much you want with no restrictions or additional penalties to pay. You can also sell or trade in the vehicle before the loan is over and use the value to pay off the rest of it without extra payments.

Did You Know? It is possible to end your car lease early and you may even be able to do it without losing money. There are several ways to do it, but most will cost you some amount of fees. You can transfer your lease to someone else, buy out the lease to own the car outright, pay early termination fees, and more.

No Credit / Bad Credit Car Loans

For some people, it is more difficult to get leasing or financing for a vehicle. This includes people who have bad credit due to previous bankruptcies or other financial difficulties, or people with no credit such as new Canadians who just immigrated to Ontario. The reason is because for both getting a lease and getting a loan, the bank or dealership will run a credit check. If you have a history of bad credit or have no credit history, they consider you a risk to fail to make your payments.

However, it is not impossible to buy a car when you have bad credit or no credit. You can improve your credit situation by opening bank accounts, getting a credit card, or taking out a smaller loan and then making all your payments on time. This shows that you are trustworthy and can make your payments on time.

If you still have bad credit, there are a number of companies that offer "subprime" leases and loans if you have a pressing need for a car. These will have more restrictive conditions and higher interest payments because you are still considered a risk, but good financial companies will make sure to work with you to find a vehicle that you can still afford.

Did You Know? You can improve your credit score by proving that you can make payments on any debt or loan you have: credit cards, lines of credit, interest payments, rent, utilities, and so on. Some have a better impact than others, but if you pay in full and on time they all help.

What's Better: (Financing vs. Leasing vs. Buying)

There are three different ways of buying or paying for a vehicle, each with their own benefits and drawbacks.

When you lease a vehicle, it is usually only worthwhile if the terms suit your needs:

Pro - you usually have a lower monthly payment than with a loan and you only pay for a portion of the vehicle's value

Pro - If you want to have a new car every few years, it allows you to do so without paying as much

Con - you do not own a vehicle that you lease and if you are not meet the terms and restrictions you have to pay penalty fees that can be very costly

Con - you cannot lease used vehicles which are less expensive than new cars

Financing a vehicle, or taking out a loan to pay for it, is generally more appealing to car shoppers in Ontario. Here are the pros vs cons:

The only way to avoid paying interest and extra fees when buying a vehicle is to buy it outright, where you pay for the full value of the vehicle up front. Here are the pros and cons of this option:

It's important that you know ahead of time what your wants and needs are when buying a car. If you're going to drive it more than average you will have to worry about penalty fees if you lease it, for example. But if you're only going to use it sparingly and want to save on payments, you can constantly upgrade to a new vehicle every few years and save every month.

Summary

With these three payment options, you have a few different ways of buying a vehicle. Each has their benefits and their drawbacks, and if you do your research you should be able to determine what method would be the most beneficial for your situation. If you always want to be driving a new car every few years and won't use it in a way to incur any penalty fees, then leasing is for you. If you want to own the same car for many years without any restrictions, then financing would be best. Or, if you have a lot of cash you can buy the car outright and save yourself a lot of money in interest payments. It's your choice!
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Car Financing in Ontario | The Canada Car Buying Guide

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Learn more about how financing options work when buying a vehicle in Ontario, such as taking out a lease or getting a loan, and what the advantages and disadvantages are for each. Our guide will help you navigate the automotive financing process so you are prepared ahead of time.

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How much freedom do you want with your purchase? Are you okay with the terms, conditions and restrictions? How much traveling to you plan to do? Do you like customizing your car? Can you make due with what you have? Do you need the newest model? Do you have time to save up? Is your current job situation stable? Do you have plans to move?

Now take what you have learned and make the best decision for YOUR LIFE.

Remember, in light of your past experience, you current circumstances and your future hopes and dreams... what is the WISE thing to do?

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1.  The thing that learned which surprised me the most was the 20/4/10 rule. I did not realize that you could make a downpayment when financing a vehicle. I suppose this makes sense since it is a loan just like a mortgage. It simply did not cross my mind and it would have been a great idea when I bought my car two years ago.

2. This topic is interesting and relevant to me because I bought a new car two years ago and did a little research, but I did not understand as clearly as I do now what I was getting into. Furthermore, the concept of buying and leasing translates to the concept of buying and renting a house (which will be my next large investment). Knowing my options and trying to make the best downpayment possible will be of great value to me.

3. The most important thing I would pass on to a family member is to take your time, understand what you are getting yourself into, look around for the best deal, and don't feel pressured to make an instant decision. You have to do what is sustainable with your budget, and what you will be thankful for in the future. Your purchases today effect your financial situation tomorrow.

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In this video, Marko from WhiteBoard Finance helps you think through what makes the most sense for you. He first walks you through the math involved in both buying and leasing to show you how much each option will cost and how much money you will be left with at the end of each.

I chose this video because while you need to understand the math, it is not simply a question of budget. In the second half Marko discusses how you also need to take your lifestyle into account. Take the time to consider what you want, why you want it, and if it best for the season of life you are in.

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Buying vs. Leasing a Car (Pros and Cons)

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If you want to buy instead of lease, make sure you know the vehicle you want, know the incentives and do your research. Take time to look around and don't let someone feel like you have to make a decision in the moment. The more knowledge you have on the vehicle and what others are offering, the more likely you will be able to get a good deal.

I chose this website because it ends with giving you a practical and fair strategy to walk into a dealership with to get a great deal and show the salesperson you know what you are talking about.

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Before you Buy a NEW Car anywhere in Canada - Review the Following Information:

Buying a new car is a big decision, but it doesn't have to be a difficult one. The average person will buy 10-12 cars in their lifetime. Preparing yourself and doing your homework is the key to being able to make the important decisions with total confidence. Once you've decided on the car you will buy or lease, you will need to be able to determine what is a good price. This is where it can get very tricky. Before you sign on the bottom line you need to know how to recognize a good deal when you see one Understanding the Complexity of New Car Pricing in Canada

M.S.R.P. - The Manufacturer's Suggested Retail Price, commonly known as the List price or window sticker, is the price set by the manufacturer. This is typically the price that the new car dealer would like you to pay. Although the overwhelming majority of new cars are sold at less than the M.S.R.P., some dealers will hold out for this price on a very hot-selling vehicle that is in high demand and limited supply.

Dealer invoice price - Every manufacturer sends an invoice to the dealer for their vehicles as soon as they are delivered to the dealer. The dealer will typically pay for the vehicle via a prearranged line of credit. Commonly, the dealer will start paying interest charges from the first day onwards.

Hold Back - Most manufacturers help subsidize the interest charges and marketing/advertising that a dealer incurs by paying the dealer a holdback amount, after the vehicle has been sold. This amount typically ranges from 2.0% to 2.5% of the invoice amount. Dealers will rarely consider this when negotiating a new car deal

Maximum dealer margin/profit - The difference between the M.S.R.P. and the dealer invoice price is the maximum dealer margin/profit that the dealer has to work with when negotiating a deal.

Dealer and buyer goals - The dealer's goal is to negotiate a deal as close to M.S.R.P. as possible and the buyer's (your) goal is to negotiate a deal as close as possible to the dealer invoice price.

Actual dealer margin/profit - The amount over the dealer invoice price that is finally negotiated between the dealer and the buyer (you), is the dealer's actual dealer profit/margin, before sales and overhead expenses.

Dealer overhead and bottom line profit - From the actual dealer profit/margin amount the dealer has to cover the sales rep and sales manager's salaries, commissions and bonuses. The remainder goes to the dealership to cover all other expenses, with the final balance representing the actual net profit to the dealership.

Factory-to-consumer incentives - In an effort to stimulate sales, many manufacturers will offer incentives to the consumer (you). These incentives are commonly advertised in the media and can consist of low rate financing/leasing rates, such as 0%, cash rebates, such as $2,000, or a combination of both. If a manufacturer is offering you 0% or $2,000 cash, the emphasis is on OR;which means that you cannot get 0% financing and $2,000. You have to decide between the two. In some cases, you can combine the 0% and $2,000, but not very often.

Factory-to-dealer incentives - Commonly referred to as hidden rebates. Internally these non-advertised dealer incentives can be known as marketing credits, trading dollars, factory cash, dealer cash, dealer bonuses, invoice credits, etc. Many manufacturers will use them as additional stimulus for the dealer to sell more vehicles. In some cases, the manufacturer may not want to advertise that they are offering incentives to avoid tarnishing their image, where others will use these incentives to encourage dealers to carry more inventory and thus sell more vehicles. Most dealers will factor in these factory to dealer incentives when negotiating a deal. Effectively this may allow the buyer (you) to buy/lease a new vehicle for less than the dealer invoice price.

Step 1: Narrowing Down Your Choices . . . One of the most important steps of new car buying is deciding exactly what type of car fits your needs. Do you want a large vehicle with lots of room or a small car that's very fuel efficient? Whether you're looking for a practical Dodge Caravan minivan to take the kids to hockey practice or a sporty Mazda Miata convertible to drive through the summer, it's essential to define your model class and price range.

Step 2: Research. . . Once you have defined the class and price range, the next step is to research features, safety ratings and reviews. There might be ten different cars in the class you are looking at, therefore using existing analysis from expert sources to narrow down your choices can be very useful. There are many places to do in-depth research about new cars (note: many only offer English language websites), including online car magazines such as auto123, TheCarMagazine www.TheCarMagazine.com, Motor Trend www.MotorTrend.com and CanadianDriver www.CanadianDriver.com. Some of the better Canadian car manufacturer websites are www.Honda.ca , www.Toyota.ca , www.Ford.ca , www.Nissan.ca , www.BMW.ca , www.Mazda.ca and www.Subaru.ca . For reliability rankings try www.Edmunds.com , www.JDPower.com or www.ConsumerReports.org .

Step 3: The Test Drive . . . You should always thoroughly test drive all of your prospective vehicles. No matter what the reviews say, the only way to tell if you feel comfortable in a vehicle is to drive it yourself. Bring the whole family and take it out for at least 20 minutes or the same types of roads that you usually use. Move the seats around, familiarize yourself with the car's features and the pros and cons of each vehicle will quickly surface.

Step 4: Purchase Strategy . . . The Most Important Step! When you are ready to make your purchase there are a few key elements you should consider in order to have an enjoyable car buying experience. Everyone wants to get a good deal on the car they want. The problem is how do you know you're getting a good deal? This is where the anxiety really kicks in. If you are debating between two cars priced at $30,000, how do you decide which one to buy? On the first car, you may only be able to get a $500 discount. One the second car may be able to get a $1,000 dealer discount plus a $3,000 factory cash rebate that is not advertised. If you had this information, the decision would be much easier. The car salesperson's job is to try to sell you the car for the MSRP or Manufacturer Suggested Retail Price. In order for you to get the best price, you need to know what the factory invoice/Invoice Price is and more importantly, you need to know which factory rebates are available on the cars you're considering. All of this information is included in aCarCostCanada™ Invoice Price Report. Take the invoice/Invoice Price, deduct all applicable cash rebates. This is the ideal place to start your negotiations, because this is the actual price that the dealer paid for the car from the factory. Considering the potential savings, the cost of buying reports is minimal. It will greatly reduce negotiation time and save you anywhere from $500 to $5000 or more on your new vehicle purchase.

Step 5: No Hassle Purchase. . . After you've generated your price reports, make an appointment to speak with a senior salesperson or sales manager at one of our pre-screened dealers or your local dealership. Most dealers will try to make a 10% profit on the car's selling price. For example, if you are buying a $30,000 car, the dealer may have paid $25,000. Therefore, a 10% profit would be $2,500. That's a lot of your money going into the dealer's pocket and not towards the actual price of the car. Fortunately, most dealers are willing to sell their cars for 3%-4% above the invoice price and pass along all factory rebates, if and only if, they feel they have to, when making a deal. Looking at that same $30,000 car again, if the dealer was willing to sell it for a 3% profit, that is only $750 to the dealer. This translates into savings of $1,750 plus the PST and GST on the $1,750 (at 14% tax, it is a total savings of $1,995). That is a lot of money! Once you are in the price discussion mode, show them the report and tell them you are willing to pay a fair price. This will lead to a quick and relatively painless transaction that will make you feel great and get you boasting to your friends about how great a negotiator you are. Join CarCostCanada™ to get all the information you need click here

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Tips & Advice for Buying a New Car | CarCostCanada™

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Buying a new car is a big decision, but it doesn't have to be a difficult one. The average person will buy 10-12 cars in their lifetime. Preparing yourself and doing your homework is the key to being able to make the important decisions with total confidence.

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Use this website to find the make of car you want, punch in all the information about a potential lease, to get an accurate picture of what you would really be spending.

I chose this website because it includes the broader expenses and factors that a simple calculation would be missing. It includes dealer fees and helpful tax information.

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Leasehackr Calculator lets you estimate and share your lease numbers. It integrates available Multiple Security Deposit (MSD) and money factor discount programs. Its benchmark Leasehackr Score enables you to evaluate your deal.

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Use this website to look over your decision one more time. If you are happy with the pros and cons, you are now ready to understand you leasing options, pick one, and actually learn HOW to go about leasing.

This website gives you step by step instructions in regards to HOW to lease. These steps range from knowing your credit score, creating a budget, finding the right dealer and maintenance while the car is in your possession.

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November 22, 2018

Leasing a car can be a great alternative to other financing options if you're not quite ready to buy. It essentially allows you to borrow a vehicle for a short-fixed duration with lower monthly and down payment costs. To avoid spending more money in the long run, it's important to do your research and pay attention to the fine print. To help you out, we've compiled a guide outlining the disadvantages and benefits of leasing a car, as well as the best leasing options that will help you save money on your next vehicle.

What is a Car Lease?

A car lease allows you to drive a brand-new vehicle for a fixed period at an agreed monthly rate. Leasing doesn't require a car loan approval or a hefty payment up front, but unlike typical financing plans, monthly lease payments go toward the use of the vehicle instead of the ownership of the vehicle. In other words, it's a long-term rental, and once the fixed lease period is over (typically between 2 to 4 years), then the customer must either return the car to the leasing company or purchase it for market value.

Leasing a car requires a down payment and monthly payments comprised of rental charges, interest, taxes, and the depreciation costs of the vehicle over time.

What are the Benefits of Leasing a Car?

There are plenty of benefits to leasing a car, the main one being lower payments. The reason leasing a vehicle is beneficial is that you only pay for the depreciation of the car. Leasing is also a great option if you're someone who struggles with commitment issues and can't decide on a vehicle model? Or what interior to choose? A typical car lease contract only lasts 2 to 4 years and spans the early, problem-free days of a vehicle.

Once the contract is over, you can trade in your car for an upgraded model, a new colour, or a different vehicle entirely! This comes with the added perk of always being up to date on car manufacturers' latest features and technologies and this gives you a shot at a fresh warranty every few years, which may even include free oil changes and servicing.

So long as you can drive within the mileage cap outlined in your contract and avoid any major wear and tear damages to the car, you shouldn't incur any additional fees outside of your monthly payment, regardless of the vehicle you choose.

Disadvantages of Leasing a Car

Before getting too excited about the low-cost, low-commitment pros of leasing a car, it's important to understand the cons as well. The obvious downside to leasing a car is the fact that, despite making monthly payments, you never actually own the car that you're driving. Once the lease term ends, you're required to return the vehicle and restart the process from scratch, with no equity to use toward the purchase of your next ride.

While it may be tempting to jump on an apparently low price tag at first, be careful because, in the long run, it could actually cost you more. It's easy to get carried away in the cycle of upgrading your vehicle every 2 to 4 years, but repeatedly leasing cars over time will actually carve a deeper hole in your pocket than a one-time car purchase would, and in the end, you'll have no vehicle to truly call your own.

Another aspect to carefully consider is the vehicle lease contract. Every car lease contract is embedded with rather restrictive guidelines, and if you fail to follow them, you could face costly penalty fees. These guidelines may include a mileage cap, as mentioned above, which restricts you to an annual kilometre limit (typically around 25,000 km/ year) that you're expected to stay below. If you have a long commute to work or plan on making a few road trips, then you could face steep charges at the end of your lease term.

You can also expect to be charged penalty fees for dings, damages and considerable wear to the vehicle's interior, exterior or drive performance. And, should you really have commitment issues and want to quit your contract before the term's end date, be prepared to fork over whatever cash amount remains on your lease, which could be upwards of a few thousand bucks. Although seldom discussed, these additional charges are always outlined in the contract, so be sure to read it thoroughly and pay close attention to the details!

Car Leasing Options

There are a few car leasing options in Canada, and depending on your personal needs and interests, one may be better suited than the others.

Standard rental leases offer you the opportunity to drive brand new vehicles, so long as your credit profile is approved. You'll be expected to make a small down payment, followed by monthly payments for the remainder of your car lease term. Once your lease term expires, you must return the car to the dealership, where you may choose to extend the lease or trade in your current car for a newer ride.

Leasing to own, on the other hand, gives you the option to purchase a vehicle once its lease term expires. You're required to make regular payments, often on a weekly or bi-weekly schedule, but rather than paying for the mere use of the vehicle, your payments will help you accumulate equity. This option is typically offered by smaller dealerships to customers with bad credit, as a credit check is often skipped over in the approval process. All a customer needs in hand is their proof of identity, residency or citizenship, proof of income, and occasionally proof of insurance. However, although the approval process is more lenient, you typically won't have a roster of shiny, brand new vehicles to choose from, as you would in a standard car lease agreement.

Lease takeovers can be a great opportunity to get a good deal on a lease by taking over someone else's lease payments. The upstart costs and fees are lower, and often there is a cash incentive to taking over someone's lease. With that said, there are also some risks to taking over a lease, such as inheriting vehicle condition and mileage overages which may come as a surprise at the end of the lease if you don't inspect the lease terms.

Leasing a used car is possible and is often the case if you're in a lease-to-own agreement. In other instances, a customer may wish to terminate their lease contract early and seek someone who would be willing to take over their payments. If that someone is you, then you could save money on down payment costs, but before you jump in the driver's seat, be sure to thoroughly inspect the vehicle for any damage, wear, or kilometre overage, as you assume responsibility once you take over lease payments. And, while it may seem cheaper to go with a used car rather than a new one, you may end up incurring heavier costs for maintenance, as the warranty expires, and the car's reliability decreases with age.

Can You Get One-Year Car Lease?

A short-term car lease is typically a minimum of two years. One-year leases are available but they're rare. If you do find a dealership offering a one-year lease agreement, you'll find that your monthly payment will be very high due to depreciation. However, you might be able to lease a used car and bypass high depreciation costs. Alternatives to one-year vehicle leases include long-term rentals and a lease takeover.

How to Lease a Car

Leasing a car lets you drive a brand new vehicle without the more expensive cost of purchasing one. Of course, car leases are appealing to many; who wouldn't want to drive a high-end car without the big price?! If you're one of the many interested individuals, you've already weighed up the pros and cons and now your wondering, "how do you lease a car?"
Here's our simple step-by-step guide on how to lease a car Step 1 - Check Your Credit Score
Remember, you normally need an above-average credit score to get approved for a lease. According to Equifax, any score over 660 is considered good. If you're not there yet, don't worry! You can check your credit score for free, and there are things you can do to improve your credit too!
Step 2 - Create a Budget
When leasing a vehicle, your monthly payment might be lower than if you finance, but you also need to consider a potential down payment, insurance, fuel, maintenance, and more. It's wise to sit down and crunch some numbers to make sure you know exactly what you can afford without feeling financially squeezed.
Step 3 - Find the Right Car
Firstly, you need to decide what type of vehicle suits your needs! Maybe you need a big family car, or maybe you need a luxury model for business purposes? Obviously, the internet is a powerful research tool. Google Search and YouTube alone can help you narrow down your choices until you find "The One."
Step 4 - Find the Right Dealership
Once you've chosen a car, it's best to research different vendors and available offers. Understand all your options so you can negotiate and walk away from a deal if you don't like what's being offered.
Step 5 - Book a Test Drive
A test drive is a great way to determine if a car is a good match or not. The last thing you want is a car that doesn't suit your style of driving or feels uncomfortable in any way.
Step 6 - Consider a Down Payment
Down payments are not entirely necessary for car leases but are helpful in some instances. Money down increases the likelihood of getting approved and reduces your monthly payments.
Step 7 - Review Your Lease Agreement
Once you select a car and get approved for finance, you'll want to examine your lease agreement closely.

Take note of your monthly payment, down payment, length of the term, what maintenance you're responsible for, and other fees. If you need to change anything at the last minute, you can discuss it with your dealer.
Step 8 - Start Making Payments
Now that you have a leased car, drive off the lot and start making payments! If you don't miss any payments, a lease can help boost your credit score!
Step 9 - Remember Routine Maintenance
Many people don't need to be told to take care of their car, but it's worth reiterating for a leased car. Any damage incurred or neglect could end up costing you at the end of the lease term.

How to Get the Best Deals With Canada Drives

As you can see from our step-by-step guide, leasing a car isn't difficult, but it can be time-consuming. So cut down on the hours wasted looking at cars you won't get approved for and let Canada Drives direct you to the best finance and lease deals being offered across the country!

Simply fill out our quick 2-minute application and let us help you find a car you'll love with a plan that works best for you!
Click here to get started!

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November 22, 2018 Leasing a car can be a great alternative to other financing options if you're not quite ready to buy. It essentially allows you to borrow a vehicle for a short-fixed duration with lower monthly and down payment costs.

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Dave Ramsey, the well known financial coach, helps a man decide whether to buy new or buy used. Ramsey's advice is to not put your money into things that loose value. If you choose to buy used but still have a newer vehicle, he suggests a 3 year old car with low milage. In the first two years, a cars value drops very quickly. By the 4th year, it has taken the biggest hits. This will be a safer time to get a car so that it depreciates slower.

I chose this video because it is more relational than just numbers. It is practical and relatable. We also see how a dealer almost convinced the man that a normal deal was a great deal not to miss. Be careful of clever marketing!

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If you are going to finance a car, a good general rule is the 20/4/10 Rule. It goes like this: have a 20% deposit to pay up front, make the plan 4 years long, and make your monthly payment 10% of your monthly gross income. Paying more up front will lower the length of time you are in debt and reducing how much interest you pay.

I chose this video because it is honest that while it is a good rule, you are still better to make a used car last as long as possible while you spend that time saving up to make a bigger down payment, or save enough for a full car payment. But if you cannot wait that long, this is a good rule if you don't know where to start.

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How to Buy A Car | The 20/4/10 Rule Explained

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This video from Toyota walks you through the benefits, concerns and outcomes of leasing with them. At the end of your lease you will have three main options: Keep it, Trade in, or Give back. Watch this video for an explanation of each and a walk through of a real world scenario.

I chose this video to show you how leasing has an end, and that you have options at that end. Make sure you think about what you plan to do at the end of your lease! Are you using this time to save up and give it back? Do you only want the newest model every few years? Do you want to keep this car? Think about the end of your leasing!