Lease Your Way Out Of Debt

It amazes me how so-called educated and informed writers still cannot see the forest for the trees.

I read yet another article in today's Dallas Morning News talking about how "many auto finance companies stopped offering (leasing)."

While this is true, you can still lease almost every new vehicle on the market and most pre-owneds three years old or less. That's right. You can lease pre-owned vehicles too!

In today's tightening economy, many are looking to free up cash to keep up with monthly bills. And while shunning your car payment completely makes sense for some, it is simply not practical for many.

So if you are going to have a car payment, why not look at a lease? Here is just one example:

A $30,000 new Altima with a 2.9% APR will cost you $662.70 per month. Compared to a similarly priced used car at 7.0% and its $718.38 payment, this is seemingly a no-brainer.

However, when you look at a 3 year lease, your payment of $513.32 is 23% less.

If you are the kind of driver who is always trading your car before you pay it off, you should really look at a lease.

Use the savings to pay down your higher-interest debt and enjoy a new car every three years to boot.

Now THAT is a no-brainer!

NOTES: For more information on great lease deals, look to our friends at D&M Leasing (www.dmautoleasing.com). Based in Texas, they lease hundreds of vehicles a month to customers throughout the US.