When the extra sales tax and costs of unexpected vehicle depreciation are taken into account, leasing usually costs less than financing while providing a number of other benefits.

Early termination on a Buy Here, Pay Here loan or standard fixed term lease can be expensive. However, Lease It, Own It offers the opportunity to return the vehicle and walk-away at any time and thus avoid ANY early termination charge.

The salesman might have been hoping that would be true, but he was wrong to guarantee it since there is no guaranteed trade-in value in a fixed term lease except at the end of the term. However, Lease It, Own It is a periodic renewal lease that doesn't bind you for any specific term so you never have an early termination cost when you want to trade or end the lease.

Damaging the vehicle or driving excessive miles will reduce the trade-in value of a vehicle you own. You have to pay for that reduced value for excess damage or miles in a Lease It, Own It lease only if you choose to return the vehicle. If you decide to keep it or trade it in, leasing is just like purchasing.

A major advantage of Lease It, Own It leasing is that if the used car market is down because of high gas prices or some other reason (other than your damage or excess miles), you DON'T pay for the excess depreciation when you return the vehicle. When you finance the vehicle, you are stuck with excess depreciation due to these used car market factors.

Leases offer a fixed price purchase option at lease end so if your vehicle is worth more than the purchase option price, you can capture the "equity" by trading the vehicle or purchasing it.

Only the amount by which your vehicle's value would decline if you owned it and wanted to trade it in.

A Lease It, Own It lease lets you walk away at any time. Plus, you can always trade in the vehicle just like one you are financing. LIOI gives you a "guaranteed trade-in value" at any time so you are never "stuck in the lease."